| SOXL latest price $232.1300 (14.64%) ($206.0400 - $232.3540) on Wed. Mar. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.09% (three month average) |
RSI | 37 |
Latest Price | $232.1300(14.64%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.9% a day on average for past five trading days. |
Weekly Trend | SOXL declines -18.7% 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 -3.045% in a week (0% probabilities). VIXM(-53%) VXX(-24%) UUP(-14%) TLT(-8%) SHY(-1%) |
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 | -3.045% (StdDev 6.09%) |
Hourly BBV | 1.7 () |
Intraday Trend | 8.2% |
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