| SOXL latest price $240.4400 (-3.4%) ($231.6600 - $251.0000) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.68% (three month average) |
RSI | 58 |
Latest Price | $240.4400(-3.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.2% a day on average for past five trading days. |
Weekly Trend | SOXL advances 8.1% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value 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 -2.84% in a week (0% probabilities). VIXM(-41%) UUP(-23%) VXX(-16%) IYT(-4%) IGOV(-4%) |
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 | -1.8 () |
Intraday Trend | -2.7% |
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