| SOXL latest price $37.6900 (14.87%) ($32.7100 - $37.7400) on Fri. Mar. 26, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 14.17% (three month average) |
RSI | 69 |
Latest Price | $37.6900(14.87%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.7% a day on average for past five trading days. |
Weekly Trend | SOXL advances 4.1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(93%) QQQ(88%) IWF(87%) IVW(86%) SPY(83%) |
Factors Impacting SOXL price | SOXL will decline at least -7.085% in a week (0% probabilities). VIXM(-44%) UUP(-26%) VXX(-15%) IGOV(-5%) TBT(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -7.085% (StdDev 14.17%) |
Hourly BBV | 1.5 () |
Intraday Trend | 14.9% |
| |
|
|