| SOXL latest price $23.0900 (0.39%) ($22.7500 - $23.1490) on Fri. Nov. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.53% (three month average) |
RSI | 77 |
Latest Price | $23.0900(0.39%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.4% a day on average for past five trading days. |
Weekly Trend | SOXL advances 11.7% 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(92%) SPY(89%) QQQ(83%) IVE(78%) DRIV(75%) |
Factors Impacting SOXL price | SOXL will decline at least -2.265% in a week (0% probabilities). VIXM(-41%) VXX(-31%) UUP(-15%) GLD(-13%) BNDX(-6%) |
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 | -2.265% (StdDev 4.53%) |
Hourly BBV | 0 () |
Intraday Trend | 0.6% |
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