| SOXL latest price $24.1800 (4.54%) ($23.0500 - $24.4200) on Mon. Nov. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.78% (three month average) |
RSI | 92 |
Latest Price | $24.1800(4.54%) |
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 16.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) IVW(96%) FIVG(93%) SPY(88%) QQQ(86%) IVE(82%) |
Factors Impacting SOXL price | SOXL will decline at least -2.39% in a week (0% probabilities). VXX(-27%) VIXM(-26%) UUP(-22%) TBT(-9%) GLD(-9%) |
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 | -2.39% (StdDev 4.78%) |
Hourly BBV | 2 () |
Intraday Trend | 4.8% |
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