| SOXL latest price $128.4600 (2.6%) ($124.0000 - $133.3200) on Fri. Apr. 17, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 13.46% (three month average) |
RSI | 66 |
Latest Price | $128.4600(2.6%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3.5% a day on average for past five trading days. |
Weekly Trend | SOXL advances 16.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(85%) QQQ(80%) IVW(78%) IWF(78%) SPY(75%) |
Factors Impacting SOXL price | SOXL will decline at least -6.73% in a week (0% probabilities). VIXM(-44%) UUP(-23%) VXX(-19%) TLT(-1%) TBT(1%) |
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 | -6.73% (StdDev 13.46%) |
Hourly BBV | 1.1 () |
Intraday Trend | -3.3% |
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