| SOXL latest price $21.7800 (0.83%) ($20.8000 - $21.9650) on Mon. Aug. 15, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.87% (three month average) |
RSI | 72 |
Latest Price | $21.7800(0.83%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.3% a day on average for past five trading days. |
Weekly Trend | SOXL advances 2.8% 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) FIVG(92%) QQQ(87%) IWF(85%) IVW(84%) SPY(82%) |
Factors Impacting SOXL price | SOXL will decline at least -3.935% in a week (0% probabilities). UUP(-22%) VIXM(-16%) TBT(-12%) VXX(-5%) EDOC(-3%) |
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 | -3.935% (StdDev 7.87%) |
Hourly BBV | 1.4 () |
Intraday Trend | 2.6% |
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