| SOXL latest price $13.8200 (17.82%) ($11.5200 - $13.8500) on Wed. Nov. 30, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.4% (three month average) |
RSI | 72 |
Latest Price | $13.8200(17.82%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.4% a day on average for past five trading days. |
Weekly Trend | SOXL advances 1.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(90%) QQQ(86%) IWF(82%) IVW(79%) SPY(78%) |
Factors Impacting SOXL price | SOXL will decline at least -4.2% in a week (0% probabilities). EDOC(-12%) TBT(-7%) VXX(-4%) UNG(-3%) VIXM(-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 | -4.2% (StdDev 8.4%) |
Hourly BBV | 3.1 () |
Intraday Trend | 16.4% |
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