| SOXL latest price $176.2000 (8.77%) ($168.2900 - $178.1500) on Wed. Jun. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 13.46% (three month average) |
RSI | 73 |
Latest Price | $176.2000(8.77%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3% a day on average for past five trading days. |
Weekly Trend | SOXL advances 10.1% a week on average for past two weeks. |
Market Behavior | Value stock 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(79%) IWF(78%) IVW(77%) SPY(74%) |
Factors Impacting SOXL price | SOXL will decline at least -6.73% in a week (0% probabilities). VIXM(-42%) UUP(-23%) VXX(-17%) TBT(-1%) TLT(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 | 1.5 () |
Intraday Trend | 4.7% |
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