| SOXL latest price $17.5900 (9.25%) ($16.1300 - $17.8500) on Tue. Feb. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.85% (three month average) |
RSI | 69 |
Latest Price | $17.5900(9.25%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3.8% a day on average for past five trading days. |
Weekly Trend | SOXL advances 13.5% 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(84%) IWF(79%) VUG(79%) |
Factors Impacting SOXL price | SOXL will decline at least -3.925% in a week (0% probabilities). VIXM(-48%) UUP(-20%) 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 | -3.925% (StdDev 7.85%) |
Hourly BBV | 1.2 () |
Intraday Trend | 8.2% |
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