| SOXL latest price $34.7400 (1.61%) ($34.2800 - $34.9600) on Mon. Jul. 25, 2016. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.53% (three month average) |
RSI | 92 |
Latest Price | $34.7400(1.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.9% a day on average for past five trading days. |
Weekly Trend | SOXL advances 10.8% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Normal 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(-12%) IPO(-7%) IGOV(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.265% (StdDev 4.53%) |
Hourly BBV | 0 () |
Intraday Trend | 1.3% |
| |
|
|