| SOXL latest price $154.5400 (-1.59%) ($152.0400 - $157.8700) on Tue. Aug. 20, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.4% (three month average) |
RSI | 43 |
Latest Price | $154.5400(-1.59%) |
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 -1.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(87%) QQQ(83%) IWF(82%) IVW(81%) IDRV(78%) |
Factors Impacting SOXL price | SOXL will decline at least -2.7% in a week (0% probabilities). VIXM(-54%) VXX(-25%) UUP(-12%) TLT(-11%) IGOV(-5%) |
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 | -2.7% (StdDev 5.4%) |
Hourly BBV | 0 () |
Intraday Trend | -0.9% |
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