| SOXL latest price $101.8600 (0.99%) ($99.2200 - $103.8100) on Tue. Jun. 6, 2017. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.1% (three month average) |
RSI | 60 |
Latest Price | $101.8600(0.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 6.1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) QQQ(83%) IWF(82%) IVW(81%) SMH(80%) SPY(78%) |
Factors Impacting SOXL price | SOXL will decline at least -1.55% in a week (0% probabilities). VIXM(-17%) UUP(-17%) TLT(-13%) IGOV(-4%) 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 | -1.55% (StdDev 3.1%) |
Hourly BBV | 0 () |
Intraday Trend | 2.4% |
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