| SOXL latest price $226.5100 (-1.69%) ($216.7100 - $232.1300) on Fri. Jul. 31, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.68% (three month average) |
RSI | 63 |
Latest Price | $226.5100(-1.69%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.6% a day on average for past five trading days. |
Weekly Trend | SOXL advances 3.4% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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 -2.84% in a week (0% probabilities). VIXM(-41%) UUP(-23%) VXX(-16%) IYT(-3%) IGOV(-3%) |
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 | -2.84% (StdDev 5.68%) |
Hourly BBV | 0.5 () |
Intraday Trend | -2.4% |
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