| SOXL latest price $259.4600 (2.84%) ($259.2200 - $266.3900) on Mon. Dec. 16, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.11% (three month average) |
RSI | 63 |
Latest Price | $259.4600(2.84%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3.3% a day on average for past five trading days. |
Weekly Trend | SOXL advances 5.9% 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) 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(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.055% (StdDev 4.11%) |
Hourly BBV | 0.7 () |
Intraday Trend | -0.5% |
| |
|
|