| soxl latest price $39.3800 (2.58%) ($38.6200 - $39.7300) on Tue. Aug. 9, 2016. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.47% (three month average) |
RSI | 70 |
Latest Price | $39.3800(2.58%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | soxl advances 1.9% 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 | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support soxl advance at 0% a week (0% probability) QQQ(83%) IWF(81%) IVW(80%) SMH(80%) SPY(78%) |
Factors Impacting soxl price | soxl will decline at least -2.235% in a week (0% probabilities). VIXM(-19%) UUP(-15%) TLT(-12%) IPO(-7%) IGOV(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.235% (StdDev 4.47%) |
Hourly BBV | 0 () |
Intraday Trend | 1.9% |
| |
|
|