| SOXL latest price $210.6900 (3.98%) ($196.0500 - $214.3900) on Thu. Jul. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.1% (three month average) |
RSI | 61 |
Latest Price | $210.6900(3.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3.1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 5.1% a week on average for past two weeks. |
Market Behavior | Value stocks 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(85%) QQQ(79%) IWF(78%) IVW(77%) SPY(74%) |
Factors Impacting SOXL price | SOXL will decline at least -3.55% 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 | -3.55% (StdDev 7.1%) |
Hourly BBV | 2.5 () |
Intraday Trend | 2.8% |
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