| SOXL latest price $38.3800 (-2.42%) ($38.3600 - $40.3900) on Mon. Oct. 11, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.9% (three month average) |
RSI | 40 |
Latest Price | $38.3800(-2.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.7% a day on average for past five trading days. |
Weekly Trend | SOXL declines -7.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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 -1.95% in a week (0% probabilities). VIXM(-42%) UUP(-24%) VXX(-13%) 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 | -1.95% (StdDev 3.9%) |
Hourly BBV | -1.2 () |
Intraday Trend | -1% |
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