| SOXL latest price $26.6500 (2.07%) ($25.6000 - $26.7200) on Tue. Dec. 12, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.64% (three month average) |
RSI | 69 |
Latest Price | $26.6500(2.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 4% a day on average for past five trading days. |
Weekly Trend | SOXL advances 3.3% a week on average for past two weeks. |
Market Behavior | Broad based 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 -2.32% 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 | -2.32% (StdDev 4.64%) |
Hourly BBV | 1.1 () |
Intraday Trend | 3.5% |
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