| SOXL latest price $42.4100 (10.99%) ($40.0500 - $42.4400) on Thu. Apr. 1, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 14.28% (three month average) |
RSI | 65 |
Latest Price | $42.4100(10.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 5.3% a day on average for past five trading days. |
Weekly Trend | SOXL advances 3.8% a week on average for past two weeks. |
Market Behavior | Broad based 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(93%) QQQ(88%) IWF(87%) IVW(86%) SPY(83%) |
Factors Impacting SOXL price | SOXL will decline at least -7.14% in a week (0% probabilities). VIXM(-44%) UUP(-25%) VXX(-15%) IGOV(-6%) TBT(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -7.14% (StdDev 14.28%) |
Hourly BBV | 1.5 () |
Intraday Trend | 5.9% |
| |
|
|