| SOXL latest price $42.2100 (5.13%) ($40.0000 - $42.4550) on Mon. Apr. 26, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 14.22% (three month average) |
RSI | 48 |
Latest Price | $42.2100(5.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.3% a day on average for past five trading days. |
Weekly Trend | SOXL declines -4.7% a week on average for past two weeks. |
Market Behavior | Growth stock 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 -7.11% in a week (0% probabilities). VIXM(-44%) UUP(-25%) VXX(-15%) TBT(-2%) TLT(2%) |
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 | -7.11% (StdDev 14.22%) |
Hourly BBV | 1.3 () |
Intraday Trend | 5.4% |
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