| SOXL latest price $67.1600 (4.76%) ($65.1900 - $67.3400) on Wed. Feb. 1, 2017. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.95% (three month average) |
RSI | 61 |
Latest Price | $67.1600(4.76%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.2% a day on average for past five trading days. |
Weekly Trend | SOXL advances 5.6% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal 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 -1.975% 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 | -1.975% (StdDev 3.95%) |
Hourly BBV | 0 () |
Intraday Trend | 0.8% |
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