| SOXL latest price $230.4000 (5.85%) ($214.4860 - $230.6300) on Thu. Jul. 30, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.03% (three month average) |
RSI | 59 |
Latest Price | $230.4000(5.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 2% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off 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(85%) QQQ(79%) IWF(78%) IVW(77%) SPY(74%) |
Factors Impacting SOXL price | SOXL will decline at least -3.015% 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 | -3.015% (StdDev 6.03%) |
Hourly BBV | 1.9 () |
Intraday Trend | 7.3% |
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