| SOXL latest price $23.1800 (7.96%) ($21.8150 - $23.4000) on Thu. Dec. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.48% (three month average) |
RSI | 54 |
Latest Price | $23.1800(7.96%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.3% a day on average for past five trading days. |
Weekly Trend | SOXL declines -1.7% a week on average for past two weeks. |
Market Behavior | Broad based rally 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%) IVE(76%) EWY(75%) VT(75%) |
Factors Impacting SOXL price | SOXL will decline at least -2.24% in a week (0% probabilities). LQD(15%) VIXM(-51%) VXX(-41%) UUP(-16%) BLOK(-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 | -2.24% (StdDev 4.48%) |
Hourly BBV | 1.9 () |
Intraday Trend | 5.4% |
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