| SOXL latest price $45.2100 (1.85%) ($44.8800 - $46.8900) on Mon. Aug. 2, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.6% (three month average) |
RSI | 55 |
Latest Price | $45.2100(1.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.8% a day on average for past five trading days. |
Weekly Trend | SOXL advances 4.1% 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(93%) QQQ(89%) IWF(87%) IVW(86%) SPY(84%) |
Factors Impacting SOXL price | SOXL will decline at least -2.3% in a week (0% probabilities). VIXM(-42%) UUP(-24%) VXX(-14%) TBT(-2%) TLT(2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.3% (StdDev 4.6%) |
Hourly BBV | 0.9 () |
Intraday Trend | 0.3% |
| |
|
|