| SOXL latest price $19.1500 (19.46%) ($17.6300 - $19.3850) on Thu. May. 25, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.07% (three month average) |
RSI | 73 |
Latest Price | $19.1500(19.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.7% a day on average for past five trading days. |
Weekly Trend | SOXL advances 10.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) SMH(98%) FIVG(89%) XLK(86%) QQQ(85%) IWF(79%) |
Factors Impacting SOXL price | SOXL will decline at least -2.535% in a week (0% probabilities). VXX(-51%) VIXM(-46%) UUP(-19%) TBT(-19%) BLOK(-5%) |
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 | -2.535% (StdDev 5.07%) |
Hourly BBV | 1.6 () |
Intraday Trend | 5.5% |
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