| SOXL latest price $194.9400 (0.92%) ($192.8300 - $200.7400) on Wed. Jun. 10, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 12.68% (three month average) |
RSI | 71 |
Latest Price | $194.9400(0.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2% a day on average for past five trading days. |
Weekly Trend | SOXL advances 14.8% a week on average for past two weeks. |
Market Behavior | Value stocks 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(85%) QQQ(79%) IWF(78%) IVW(77%) SPY(74%) |
Factors Impacting SOXL price | SOXL will decline at least -6.34% in a week (0% probabilities). VIXM(-42%) UUP(-23%) VXX(-17%) TBT(-1%) IYT(0%) |
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 | -6.34% (StdDev 12.68%) |
Hourly BBV | 1.3 () |
Intraday Trend | -1.2% |
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