| TME latest price $31.7900 (2.98%) ($29.9700 - $32.2481) on Tue. Mar. 23, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.97% (three month average) |
RSI | 64 |
Latest Price | $31.7900(2.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TME advances 3.7% a day on average for past five trading days. |
Weekly Trend | TME advances 7% a week on average for past two weeks. |
Market Behavior | Value stocks 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(81%) MCHI(75%) FXI(73%) VWO(67%) EEM(66%) |
Factors Impacting TME price | TME will decline at least -1.985% in a week (0% probabilities). VIXM(-34%) VXX(-30%) UUP(-21%) XLU(-13%) TIP(-13%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.985% (StdDev 3.97%) |
Hourly BBV | 0 () |
Intraday Trend | 2.9% |
| |
|
|