| SOXL latest price $338.9300 (-3.82%) ($338.3100 - $383.9800) on Mon. Nov. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.64% (three month average) |
RSI | 58 |
Latest Price | $338.9300(-3.82%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 5.7% a day on average for past five trading days. |
Weekly Trend | SOXL advances 6.3% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value 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 -2.82% in a week (0% probabilities). VIXM(-40%) UUP(-22%) VXX(-15%) EDOC(-8%) 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 | -2.82% (StdDev 5.64%) |
Hourly BBV | 0.3 () |
Intraday Trend | -9.5% |
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