| SOXL latest price $342.0600 (10.9%) ($322.4900 - $343.6800) on Wed. Nov. 11, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.88% (three month average) |
RSI | 59 |
Latest Price | $342.0600(10.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.8% a day on average for past five trading days. |
Weekly Trend | SOXL advances 12.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth 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 -2.94% 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 | -2.94% (StdDev 5.88%) |
Hourly BBV | 0.2 () |
Intraday Trend | 5.9% |
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