| SOXL latest price $39.1900 (2.22%) ($37.9100 - $39.5800) on Wed. Jun. 2, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.91% (three month average) |
RSI | 84 |
Latest Price | $39.1900(2.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.2% a day on average for past five trading days. |
Weekly Trend | SOXL advances 12.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Rotation from growth to value 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 -3.455% in a week (0% probabilities). VIXM(-43%) UUP(-25%) VXX(-14%) TBT(-1%) 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 | -3.455% (StdDev 6.91%) |
Hourly BBV | 0.2 () |
Intraday Trend | 2.4% |
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