| SOXL latest price $605.8000 (6.51%) ($588.3000 - $624.1890) on Thu. Jan. 14, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.66% (three month average) |
RSI | 91 |
Latest Price | $605.8000(6.51%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.5% a day on average for past five trading days. |
Weekly Trend | SOXL advances 13.4% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off 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 -2.33% in a week (0% probabilities). VIXM(-41%) UUP(-21%) VXX(-15%) TBT(-3%) IGOV(-0%) |
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 | -2.33% (StdDev 4.66%) |
Hourly BBV | 1.2 () |
Intraday Trend | 3% |
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