| SOXL latest price $220.6600 (6.16%) ($204.4100 - $221.6200) on Mon. Jul. 20, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.77% (three month average) |
RSI | 72 |
Latest Price | $220.6600(6.16%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.2% a day on average for past five trading days. |
Weekly Trend | SOXL advances 5.8% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(84%) QQQ(79%) IWF(78%) IVW(77%) SPY(74%) |
Factors Impacting SOXL price | SOXL will decline at least -3.385% 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 | -3.385% (StdDev 6.77%) |
Hourly BBV | 2.2 () |
Intraday Trend | 5.7% |
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