| SOXL latest price $23.2200 (3.02%) ($23.1400 - $24.3000) on Wed. Nov. 29, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.43% (three month average) |
RSI | 75 |
Latest Price | $23.2200(3.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.3% a day on average for past five trading days. |
Weekly Trend | SOXL advances 6.4% 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) SPY(95%) FIVG(94%) QQQ(85%) IVE(78%) DRIV(77%) |
Factors Impacting SOXL price | SOXL will decline at least -2.215% in a week (0% probabilities). EDOC(-70%) VIXM(-42%) VXX(-31%) UUP(-15%) GLD(-12%) |
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 | -2.215% (StdDev 4.43%) |
Hourly BBV | 0.4 () |
Intraday Trend | -1.2% |
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