| TME latest price $14.9500 (-1.12%) ($14.7400 - $15.2700) on Tue. Nov. 10, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.82% (three month average) |
RSI | 60 |
Latest Price | $14.9500(-1.12%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TME advances 0.1% a day on average for past five trading days. |
Weekly Trend | TME advances 1.8% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support TME advance at 0% a week (0% probability) KWEB(77%) MCHI(70%) FXI(69%) VWO(61%) EEM(60%) |
Factors Impacting TME price | TME will decline at least -0.91% in a week (0% probabilities). VIXM(-29%) VXX(-27%) UUP(-22%) XLU(-9%) TIP(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.91% (StdDev 1.82%) |
Hourly BBV | 0 () |
Intraday Trend | -0.9% |
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