| SOXL latest price $256.5200 (8.11%) ($235.8000 - $257.2500) on Thu. Dec. 12, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.11% (three month average) |
RSI | 69 |
Latest Price | $256.5200(8.11%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3.8% a day on average for past five trading days. |
Weekly Trend | SOXL advances 3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based 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%) SPY(78%) |
Factors Impacting SOXL price | SOXL will decline at least -2.055% in a week (0% probabilities). VIXM(-53%) VXX(-25%) UUP(-13%) TLT(-9%) IGOV(-4%) |
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 | -2.055% (StdDev 4.11%) |
Hourly BBV | 1.6 () |
Intraday Trend | 8.7% |
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