| SOXL latest price $13.6000 (-1.73%) ($13.2200 - $14.0000) on Thu. May. 4, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.81% (three month average) |
RSI | 32 |
Latest Price | $13.6000(-1.73%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.1% a day on average for past five trading days. |
Weekly Trend | SOXL declines -4.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(89%) XLK(85%) QQQ(83%) IWF(78%) VUG(78%) |
Factors Impacting SOXL price | SOXL will decline at least -2.405% in a week (0% probabilities). VXX(-54%) VIXM(-49%) UUP(-19%) TBT(-14%) GLD(-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 | -2.405% (StdDev 4.81%) |
Hourly BBV | -1 () |
Intraday Trend | 0.7% |
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