| SOXL latest price $218.5800 (1.2%) ($213.2600 - $223.5500) on Wed. Jul. 22, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.2% (three month average) |
RSI | 72 |
Latest Price | $218.5800(1.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 4.9% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal 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 -3.1% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.1% (StdDev 6.2%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0.6% |
| |
|
|