| SOXL latest price $34.6400 (8.08%) ($32.6700 - $34.9800) on Thu. May. 20, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 14% (three month average) |
RSI | 46 |
Latest Price | $34.6400(8.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3.4% a day on average for past five trading days. |
Weekly Trend | SOXL declines -4.5% a week on average for past two weeks. |
Market Behavior | Broad based rally 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% in a week (0% probabilities). VIXM(-43%) UUP(-25%) VXX(-15%) TBT(-2%) 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 | -7% (StdDev 14%) |
Hourly BBV | 1.6 () |
Intraday Trend | 5.9% |
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