| SOXL latest price $36.3600 (1%) ($35.6000 - $36.4400) on Tue. Feb. 17, 2015. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.8% (three month average) |
RSI | 68 |
Latest Price | $36.3600(1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3.7% a day on average for past five trading days. |
Weekly Trend | SOXL advances 8.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) QQQ(82%) SMH(81%) SPY(78%) XLK(78%) IWM(72%) |
Factors Impacting SOXL price | SOXL will decline at least -1.9% in a week (0% probabilities). VIXM(-24%) TLT(-15%) UUP(-11%) IGOV(-7%) SHY(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.9% (StdDev 3.8%) |
Hourly BBV | 0 () |
Intraday Trend | 1% |
| |
|
|