| SOXL latest price $45.5900 (3.14%) ($43.3000 - $45.7200) on Thu. Oct. 21, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.74% (three month average) |
RSI | 63 |
Latest Price | $45.5900(3.14%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 6.5% a week on average for past two weeks. |
Market Behavior | Growth stock 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(89%) IVW(87%) IWF(87%) SPY(84%) |
Factors Impacting SOXL price | SOXL will decline at least -1.87% in a week (0% probabilities). VIXM(-41%) UUP(-24%) VXX(-13%) TBT(-2%) TLT(2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.87% (StdDev 3.74%) |
Hourly BBV | 2.9 () |
Intraday Trend | 5.2% |
| |
|
|