| SOXL latest price $215.9900 (-2.12%) ($213.6900 - $225.5340) on Tue. Jul. 21, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.5% (three month average) |
RSI | 64 |
Latest Price | $215.9900(-2.12%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.7% a day on average for past five trading days. |
Weekly Trend | SOXL advances 5.1% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(84%) QQQ(79%) IWF(78%) IVW(77%) SPY(74%) |
Factors Impacting SOXL price | SOXL will decline at least -3.25% in a week (0% probabilities). VIXM(-41%) UUP(-23%) VXX(-16%) IYT(-3%) TBT(-2%) |
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 | -3.25% (StdDev 6.5%) |
Hourly BBV | -1.4 () |
Intraday Trend | -3.8% |
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