| SOXL latest price $239.9900 (5.95%) ($230.8500 - $241.1700) on Mon. Aug. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.67% (three month average) |
RSI | 62 |
Latest Price | $239.9900(5.95%) |
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 3.6% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally 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 -2.835% 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 | -2.835% (StdDev 5.67%) |
Hourly BBV | 1.2 () |
Intraday Trend | 4% |
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