| SOXL latest price $267.1000 (-0.28%) ($260.8100 - $272.9000) on Mon. Aug. 31, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.83% (three month average) |
RSI | 68 |
Latest Price | $267.1000(-0.28%) |
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 3.1% 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(84%) QQQ(79%) IWF(78%) IVW(77%) SPY(74%) |
Factors Impacting SOXL price | SOXL will decline at least -2.415% in a week (0% probabilities). VIXM(-41%) UUP(-23%) VXX(-16%) EDOC(-4%) TBT(-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 | -2.415% (StdDev 4.83%) |
Hourly BBV | 1.2 () |
Intraday Trend | -0.2% |
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