| SOXL latest price $280.8500 (-2.04%) ($278.7570 - $290.7260) on Fri. Jan. 10, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.62% (three month average) |
RSI | 59 |
Latest Price | $280.8500(-2.04%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.3% a day on average for past five trading days. |
Weekly Trend | SOXL advances 0.4% 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%) SPY(78%) |
Factors Impacting SOXL price | SOXL will decline at least -1.81% in a week (0% probabilities). VIXM(-53%) VXX(-24%) UUP(-13%) TLT(-9%) 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 | -1.81% (StdDev 3.62%) |
Hourly BBV | -1.4 () |
Intraday Trend | -3.4% |
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