| SOXL latest price $61.3900 (1.49%) ($59.9200 - $61.4400) on Fri. Dec. 23, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.79% (three month average) |
RSI | 77 |
Latest Price | $61.3900(1.49%) |
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 4.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) QQQ(83%) IVW(81%) IWF(81%) SMH(80%) SPY(78%) |
Factors Impacting SOXL price | SOXL will decline at least -1.895% in a week (0% probabilities). VIXM(-18%) UUP(-16%) TLT(-13%) IGOV(-5%) SHY(-4%) |
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 | -1.895% (StdDev 3.79%) |
Hourly BBV | 0 () |
Intraday Trend | 2.1% |
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