| SOXL latest price $226.2300 (-4.66%) ($217.8000 - $243.0350) on Fri. Sep. 18, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.22% (three month average) |
RSI | 42 |
Latest Price | $226.2300(-4.66%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.5% a day on average for past five trading days. |
Weekly Trend | SOXL declines -7.3% a week on average for past two weeks. |
Market Behavior | Broad based 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 -2.61% in a week (0% probabilities). VIXM(-41%) UUP(-22%) VXX(-16%) IGOV(-7%) EDOC(-6%) |
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 | -2.61% (StdDev 5.22%) |
Hourly BBV | -0.8 () |
Intraday Trend | -5.8% |
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