| SOXL latest price $33.6600 (-2.09%) ($33.2400 - $34.5600) on Thu. Jul. 21, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.53% (three month average) |
RSI | 72 |
Latest Price | $33.6600(-2.09%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 11.4% 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%) IWF(81%) IVW(80%) SMH(80%) SPY(78%) |
Factors Impacting SOXL price | SOXL will decline at least -2.265% in a week (0% probabilities). VIXM(-19%) UUP(-15%) TLT(-13%) IPO(-7%) IGOV(-5%) |
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 | -2.265% (StdDev 4.53%) |
Hourly BBV | 0 () |
Intraday Trend | -2.2% |
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