| SOXL latest price $365.9000 (4.64%) ($340.2100 - $366.0900) on Thu. Nov. 19, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.86% (three month average) |
RSI | 76 |
Latest Price | $365.9000(4.64%) |
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 11.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock 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 -2.93% in a week (0% probabilities). VIXM(-41%) UUP(-21%) VXX(-15%) EDOC(-9%) 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 | -2.93% (StdDev 5.86%) |
Hourly BBV | 1.3 () |
Intraday Trend | 5% |
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