| SOXL latest price $25.7800 (2.18%) ($24.9000 - $25.9300) on Thu. Mar. 17, 2016. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.25% (three month average) |
RSI | 77 |
Latest Price | $25.7800(2.18%) |
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 5.7% a week on average for past two weeks. |
Market Behavior | Value 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) QQQ(83%) IWF(81%) IVW(80%) SMH(80%) SPY(78%) |
Factors Impacting SOXL price | SOXL will decline at least -2.625% in a week (0% probabilities). VIXM(-20%) UUP(-15%) TLT(-13%) IPO(-6%) IGOV(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.625% (StdDev 5.25%) |
Hourly BBV | 0 () |
Intraday Trend | 2.7% |
| |
|
|