| SOXL latest price $23.7000 (2.24%) ($22.9510 - $24.0400) on Fri. Dec. 8, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.48% (three month average) |
RSI | 53 |
Latest Price | $23.7000(2.24%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.6% a day on average for past five trading days. |
Weekly Trend | SOXL declines -1.5% 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%) EWY(85%) EEM(80%) VT(76%) |
Factors Impacting SOXL price | SOXL will decline at least -2.24% in a week (0% probabilities). LQD(16%) VIXM(-52%) VXX(-42%) UUP(-17%) BLOK(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.24% (StdDev 4.48%) |
Hourly BBV | 1.3 () |
Intraday Trend | 3.1% |
| |
|
|