| SOXL latest price $168.6600 (4.58%) ($161.6200 - $169.5400) on Thu. Jul. 18, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.14% (three month average) |
RSI | 67 |
Latest Price | $168.6600(4.58%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2% a day on average for past five trading days. |
Weekly Trend | SOXL advances 4% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(87%) QQQ(83%) IWF(82%) IVW(81%) IDRV(78%) |
Factors Impacting SOXL price | SOXL will decline at least -2.57% in a week (0% probabilities). VIXM(-54%) VXX(-26%) UUP(-12%) TLT(-11%) IGOV(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.57% (StdDev 5.14%) |
Hourly BBV | 0 () |
Intraday Trend | 4.1% |
| |
|
|