| SOXL latest price $80.0800 (1.87%) ($72.0500 - $80.1200) on Thu. Dec. 27, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.93% (three month average) |
RSI | 40 |
Latest Price | $80.0800(1.87%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.3% a day on average for past five trading days. |
Weekly Trend | SOXL declines -9.6% a week on average for past two weeks. |
Market Behavior | Broad based rally 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%) SPY(78%) IWO(77%) |
Factors Impacting SOXL price | SOXL will decline at least -3.465% in a week (0% probabilities). VXX(-19%) UUP(-19%) TLT(-12%) VIXM(-9%) DIA(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.465% (StdDev 6.93%) |
Hourly BBV | 0 () |
Intraday Trend | 7.7% |
| |
|
|