| SOXL latest price $49.6600 (5.77%) ($47.1900 - $50.0000) on Tue. Nov. 15, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.49% (three month average) |
RSI | 57 |
Latest Price | $49.6600(5.77%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.4% a day on average for past five trading days. |
Weekly Trend | SOXL advances 1.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value 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 -1.745% in a week (0% probabilities). VIXM(-18%) UUP(-15%) TLT(-13%) IGOV(-5%) SHY(-3%) |
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 | -1.745% (StdDev 3.49%) |
Hourly BBV | 0 () |
Intraday Trend | 3.9% |
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