| SOXL latest price $54.1500 (2.05%) ($52.7100 - $54.3700) on Fri. Nov. 18, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.52% (three month average) |
RSI | 66 |
Latest Price | $54.1500(2.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.6% a day on average for past five trading days. |
Weekly Trend | SOXL advances 8.2% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off 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 -1.76% in a week (0% probabilities). VIXM(-18%) UUP(-15%) TLT(-13%) IGOV(-5%) SHY(-3%) |
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 | -1.76% (StdDev 3.52%) |
Hourly BBV | 0 () |
Intraday Trend | 1.5% |
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