| SOXL latest price $10.8700 (13.58%) ($9.5600 - $11.0700) on Fri. Jan. 6, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 8.4% (three month average) |
RSI | 46 |
Latest Price | $10.8700(13.58%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.5% a day on average for past five trading days. |
Weekly Trend | SOXL declines -4.6% 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(89%) QQQ(84%) IWF(80%) IVW(76%) SPY(75%) |
Factors Impacting SOXL price | SOXL will decline at least -4.2% in a week (0% probabilities). EDOC(-18%) UNG(-8%) TBT(-6%) BLOK(-6%) XLP(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -4.2% (StdDev 8.4%) |
Hourly BBV | 2.5 () |
Intraday Trend | 9% |
| |
|
|