| SOXL latest price $17.9500 (5.09%) ($17.5800 - $18.2900) on Thu. Mar. 30, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.04% (three month average) |
RSI | 71 |
Latest Price | $17.9500(5.09%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.5% a day on average for past five trading days. |
Weekly Trend | SOXL advances 5.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(88%) XLK(85%) QQQ(82%) VUG(77%) IWF(76%) |
Factors Impacting SOXL price | SOXL will decline at least -3.02% in a week (0% probabilities). VXX(-49%) VIXM(-45%) EDOC(-20%) UUP(-16%) TBT(-12%) |
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 | -3.02% (StdDev 6.04%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.1% |
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