| SOXL latest price $253.4900 (-3.9%) ($248.8350 - $266.3900) on Thu. Aug. 27, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.95% (three month average) |
RSI | 58 |
Latest Price | $253.4900(-3.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 2.4% 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 -2.475% in a week (0% probabilities). VIXM(-40%) UUP(-22%) VXX(-16%) EDOC(-4%) TBT(-3%) |
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 | -2.475% (StdDev 4.95%) |
Hourly BBV | -0.7 () |
Intraday Trend | -4.3% |
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