| SOXL latest price $244.9400 (-8.91%) ($244.2600 - $261.7800) on Fri. Oct. 2, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.32% (three month average) |
RSI | 56 |
Latest Price | $244.9400(-8.91%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 4.4% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Rotation from growth to value 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 -2.66% in a week (0% probabilities). VIXM(-41%) UUP(-22%) VXX(-16%) IGOV(-7%) EDOC(-6%) |
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 | -2.66% (StdDev 5.32%) |
Hourly BBV | -1.6 () |
Intraday Trend | -2.1% |
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