| SOXL latest price $39.0000 (-0.43%) ($36.8800 - $39.9700) on Mon. Mar. 21, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 8.18% (three month average) |
RSI | 54 |
Latest Price | $39.0000(-0.43%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 6.5% a day on average for past five trading days. |
Weekly Trend | SOXL advances 2.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(93%) QQQ(89%) IWF(87%) IVW(86%) SPY(85%) |
Factors Impacting SOXL price | SOXL will decline at least -4.09% in a week (0% probabilities). VIXM(-34%) UUP(-24%) VXX(-8%) TBT(-8%) UNG(5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -4.09% (StdDev 8.18%) |
Hourly BBV | 0.4 () |
Intraday Trend | 0.8% |
| |
|
|