| SOXL latest price $29.4300 (1.62%) ($28.8600 - $29.5200) on Tue. May. 31, 2016. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.43% (three month average) |
RSI | 76 |
Latest Price | $29.4300(1.62%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.6% a day on average for past five trading days. |
Weekly Trend | SOXL advances 13.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) QQQ(83%) IWF(81%) IVW(80%) SMH(80%) SPY(78%) |
Factors Impacting SOXL price | SOXL will decline at least -1.715% in a week (0% probabilities). VIXM(-20%) UUP(-16%) TLT(-13%) IPO(-6%) IGOV(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.715% (StdDev 3.43%) |
Hourly BBV | 0 () |
Intraday Trend | 0.8% |
| |
|
|