| SOXL latest price $27.9200 (-3.09%) ($27.8900 - $28.9300) on Wed. Dec. 30, 2015. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.98% (three month average) |
RSI | 51 |
Latest Price | $27.9200(-3.09%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.5% a day on average for past five trading days. |
Weekly Trend | SOXL advances 1.9% 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) QQQ(83%) IVW(81%) IWF(81%) SMH(81%) SPY(78%) |
Factors Impacting SOXL price | SOXL will decline at least -1.99% in a week (0% probabilities). VIXM(-22%) UUP(-14%) TLT(-14%) SHY(-5%) IGOV(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.99% (StdDev 3.98%) |
Hourly BBV | 0 () |
Intraday Trend | -2.5% |
| |
|
|