| SOXL latest price $349.6700 (-2.12%) ($349.0900 - $366.8080) on Wed. Nov. 18, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.85% (three month average) |
RSI | 70 |
Latest Price | $349.6700(-2.12%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.4% a day on average for past five trading days. |
Weekly Trend | SOXL advances 13.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based 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 -2.925% in a week (0% probabilities). VIXM(-40%) UUP(-22%) VXX(-15%) EDOC(-9%) 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 | -2.925% (StdDev 5.85%) |
Hourly BBV | -1.5 () |
Intraday Trend | -2.5% |
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