| TME latest price $15.9900 (4.44%) ($15.3100 - $16.3000) on Thu. Nov. 12, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.9% (three month average) |
RSI | 62 |
Latest Price | $15.9900(4.44%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TME advances 0.2% a day on average for past five trading days. |
Weekly Trend | TME advances 1.6% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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 -0.95% in a week (0% probabilities). VIXM(-29%) VXX(-28%) 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 | -0.95% (StdDev 1.9%) |
Hourly BBV | 0 () |
Intraday Trend | 4.4% |
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