| SOXL latest price $16.9300 (-5.52%) ($16.5950 - $18.1300) on Fri. Feb. 3, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.93% (three month average) |
RSI | 68 |
Latest Price | $16.9300(-5.52%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.5% a day on average for past five trading days. |
Weekly Trend | SOXL advances 12% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock sell-off 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 -3.965% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -3.965% (StdDev 7.93%) |
Hourly BBV | -0.2 () |
Intraday Trend | 0.8% |
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