| SOXL latest price $40.3900 (3.41%) ($40.2700 - $42.0290) on Thu. Oct. 7, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.95% (three month average) |
RSI | 33 |
Latest Price | $40.3900(3.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.2% a day on average for past five trading days. |
Weekly Trend | SOXL declines -7.7% 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(89%) IVW(87%) IWF(87%) SPY(84%) |
Factors Impacting SOXL price | SOXL will decline at least -1.975% in a week (0% probabilities). VIXM(-42%) UUP(-24%) VXX(-13%) TBT(-3%) 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 | -1.975% (StdDev 3.95%) |
Hourly BBV | 0.9 () |
Intraday Trend | -0.5% |
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