| SOXL latest price $38.2100 (7.57%) ($36.3500 - $38.9800) on Wed. Mar. 31, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 14.32% (three month average) |
RSI | 58 |
Latest Price | $38.2100(7.57%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3.2% a day on average for past five trading days. |
Weekly Trend | SOXL advances 0.5% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Growth stock 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 -7.16% in a week (0% probabilities). VIXM(-44%) UUP(-25%) VXX(-15%) IGOV(-6%) TBT(-2%) |
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 | -7.16% (StdDev 14.32%) |
Hourly BBV | 1.7 () |
Intraday Trend | 4.9% |
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