| SOXL latest price $310.5000 (-0.79%) ($293.6300 - $312.4400) on Thu. Oct. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.29% (three month average) |
RSI | 77 |
Latest Price | $310.5000(-0.79%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.3% a day on average for past five trading days. |
Weekly Trend | SOXL advances 12% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based 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 -2.645% 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 | -2.645% (StdDev 5.29%) |
Hourly BBV | -0.5 () |
Intraday Trend | 4.5% |
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