| SOXL latest price $38.7800 (2.43%) ($37.8800 - $39.2700) on Fri. May. 28, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 13.64% (three month average) |
RSI | 66 |
Latest Price | $38.7800(2.43%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.6% a day on average for past five trading days. |
Weekly Trend | SOXL advances 11% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal 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 -6.82% in a week (0% probabilities). VIXM(-43%) UUP(-25%) VXX(-14%) TBT(-2%) TLT(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 | -6.82% (StdDev 13.64%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.8% |
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