| SOXL latest price $39.0400 (3.55%) ($37.5200 - $39.3700) on Thu. Jun. 10, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.81% (three month average) |
RSI | 68 |
Latest Price | $39.0400(3.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 3.6% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off 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 -2.905% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.905% (StdDev 5.81%) |
Hourly BBV | 2.1 () |
Intraday Trend | 3.3% |
| |
|
|