| SOXL latest price $306.1300 (-3.38%) ($299.3570 - $331.0000) on Fri. Jan. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.27% (three month average) |
RSI | 65 |
Latest Price | $306.1300(-3.38%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.6% a day on average for past five trading days. |
Weekly Trend | SOXL advances 5.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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 -1.635% in a week (0% probabilities). VIXM(-53%) VXX(-24%) UUP(-13%) TLT(-9%) SHY(-2%) |
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 | -1.635% (StdDev 3.27%) |
Hourly BBV | -1.2 () |
Intraday Trend | -7% |
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