| SOXL latest price $22.8400 (-5.54%) ($22.4500 - $23.6000) on Tue. Nov. 21, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.72% (three month average) |
RSI | 84 |
Latest Price | $22.8400(-5.54%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.6% a day on average for past five trading days. |
Weekly Trend | SOXL advances 14.5% a week on average for past two weeks. |
Market Behavior | Value stocks 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) IVW(96%) FIVG(93%) SPY(88%) QQQ(86%) IVE(82%) |
Factors Impacting SOXL price | SOXL will decline at least -2.36% 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 | -2.36% (StdDev 4.72%) |
Hourly BBV | -0.8 () |
Intraday Trend | -3.1% |
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