| SOXL latest price $614.4800 (0.43%) ($579.4100 - $632.1000) on Mon. Jan. 25, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.96% (three month average) |
RSI | 78 |
Latest Price | $614.4800(0.43%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.5% a day on average for past five trading days. |
Weekly Trend | SOXL advances 11.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal 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 -2.48% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.48% (StdDev 4.96%) |
Hourly BBV | -1.4 () |
Intraday Trend | -2.5% |
| |
|
|