| SOXL latest price $120.1700 (-6.45%) ($120.0000 - $128.5000) on Mon. Apr. 20, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 13.37% (three month average) |
RSI | 59 |
Latest Price | $120.1700(-6.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.3% a day on average for past five trading days. |
Weekly Trend | SOXL advances 17.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off 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 -6.685% 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 | -6.685% (StdDev 13.37%) |
Hourly BBV | -1.5 () |
Intraday Trend | -2.3% |
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