| SOXL latest price $431.4100 (0.15%) ($429.5100 - $445.2900) on Thu. Dec. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.36% (three month average) |
RSI | 82 |
Latest Price | $431.4100(0.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.6% a day on average for past five trading days. |
Weekly Trend | SOXL advances 9.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(84%) QQQ(79%) IVW(77%) IWF(77%) SPY(74%) |
Factors Impacting SOXL price | SOXL will decline at least -2.68% in a week (0% probabilities). VIXM(-41%) UUP(-22%) VXX(-15%) TBT(-3%) IGOV(1%) |
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 | -2.68% (StdDev 5.36%) |
Hourly BBV | 0.4 () |
Intraday Trend | -1.6% |
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