| SOXL latest price $245.7800 (5.14%) ($241.4700 - $250.2900) on Tue. Sep. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.2% (three month average) |
RSI | 49 |
Latest Price | $245.7800(5.14%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3% a day on average for past five trading days. |
Weekly Trend | SOXL declines -6.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal 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 -2.6% in a week (0% probabilities). VIXM(-41%) UUP(-23%) VXX(-16%) IGOV(-7%) EDOC(-5%) |
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 | -2.6% (StdDev 5.2%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.4% |
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