| SOXL latest price $318.0100 (-0.12%) ($312.5100 - $325.1400) on Tue. Oct. 13, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.31% (three month average) |
RSI | 83 |
Latest Price | $318.0100(-0.12%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3.7% a day on average for past five trading days. |
Weekly Trend | SOXL advances 13.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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 -2.655% in a week (0% probabilities). VIXM(-41%) UUP(-22%) VXX(-16%) IGOV(-8%) EDOC(-7%) |
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 | -2.655% (StdDev 5.31%) |
Hourly BBV | 1 () |
Intraday Trend | -0.2% |
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