| SOXL latest price $26.1100 (10.17%) ($24.3100 - $26.3800) on Mon. Dec. 11, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.65% (three month average) |
RSI | 57 |
Latest Price | $26.1100(10.17%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3.4% a day on average for past five trading days. |
Weekly Trend | SOXL advances 0.4% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) QQQ(99%) FIVG(96%) EWY(86%) EEM(85%) XLB(84%) |
Factors Impacting SOXL price | SOXL will decline at least -2.325% in a week (0% probabilities). VIXM(-59%) VXX(-49%) UUP(-15%) BLOK(-10%) 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 | -2.325% (StdDev 4.65%) |
Hourly BBV | 1.6 () |
Intraday Trend | 6.9% |
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