| SOXL latest price $12.7700 (-3.4%) ($12.7270 - $13.5100) on Mon. Nov. 14, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.36% (three month average) |
RSI | 65 |
Latest Price | $12.7700(-3.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 5.9% a day on average for past five trading days. |
Weekly Trend | SOXL advances 15% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(91%) QQQ(87%) IWF(84%) IVW(82%) SPY(80%) |
Factors Impacting SOXL price | SOXL will decline at least -4.18% in a week (0% probabilities). TBT(-11%) UUP(-10%) VXX(-5%) VIXM(-3%) UNG(-1%) |
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 | -4.18% (StdDev 8.36%) |
Hourly BBV | 0.7 () |
Intraday Trend | -1.6% |
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