| SOXL latest price $23.1300 (1.8%) ($22.3700 - $23.2900) on Fri. Nov. 17, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.75% (three month average) |
RSI | 92 |
Latest Price | $23.1300(1.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.4% a day on average for past five trading days. |
Weekly Trend | SOXL advances 16.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(94%) QQQ(87%) SPY(85%) IVW(84%) IVE(82%) |
Factors Impacting SOXL price | SOXL will decline at least -2.375% in a week (0% probabilities). VXX(-36%) VIXM(-23%) UUP(-21%) GLD(-20%) TBT(-13%) |
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 | -2.375% (StdDev 4.75%) |
Hourly BBV | 1.7 () |
Intraday Trend | 2.8% |
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