| SOXL latest price $250.3000 (4.3%) ($238.2400 - $250.6600) on Tue. Aug. 4, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.67% (three month average) |
RSI | 66 |
Latest Price | $250.3000(4.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 4.1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 5.6% 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 -2.835% in a week (0% probabilities). VIXM(-41%) UUP(-23%) VXX(-16%) IYT(-3%) IGOV(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.835% (StdDev 5.67%) |
Hourly BBV | 1.1 () |
Intraday Trend | 4.8% |
| |
|
|