| SOXL latest price $17.9200 (6.67%) ($17.0100 - $18.3950) on Thu. Feb. 2, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.92% (three month average) |
RSI | 72 |
Latest Price | $17.9200(6.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3.5% a day on average for past five trading days. |
Weekly Trend | SOXL advances 10.9% 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%) XLK(86%) QQQ(83%) IWF(79%) VUG(79%) |
Factors Impacting SOXL price | SOXL will decline at least -3.96% in a week (0% probabilities). VIXM(-47%) UUP(-19%) VXX(-14%) TBT(-11%) SHY(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.96% (StdDev 7.92%) |
Hourly BBV | 1.1 () |
Intraday Trend | 3.6% |
| |
|
|