| SOXL latest price $202.0500 (8.02%) ($196.3200 - $203.9200) on Mon. Jul. 6, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.22% (three month average) |
RSI | 65 |
Latest Price | $202.0500(8.02%) |
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 1.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(85%) QQQ(79%) IWF(78%) IVW(77%) SPY(74%) |
Factors Impacting SOXL price | SOXL will decline at least -3.61% in a week (0% probabilities). VIXM(-41%) UUP(-23%) VXX(-16%) IYT(-3%) TBT(-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 | -3.61% (StdDev 7.22%) |
Hourly BBV | 1.2 () |
Intraday Trend | 2.8% |
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