| SOXL latest price $251.9100 (-1.65%) ($249.3900 - $260.6200) on Tue. Aug. 18, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.22% (three month average) |
RSI | 69 |
Latest Price | $251.9100(-1.65%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.6% a day on average for past five trading days. |
Weekly Trend | SOXL advances 3.9% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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(84%) QQQ(79%) IWF(78%) IVW(77%) SPY(74%) |
Factors Impacting SOXL price | SOXL will decline at least -2.61% in a week (0% probabilities). VIXM(-41%) UUP(-23%) VXX(-16%) IYT(-4%) EDOC(-4%) |
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 | -2.61% (StdDev 5.22%) |
Hourly BBV | -0.1 () |
Intraday Trend | -2.8% |
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