| SOXL latest price $30.1900 (8.13%) ($28.6100 - $30.4900) on Thu. Dec. 14, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.76% (three month average) |
RSI | 75 |
Latest Price | $30.1900(8.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 5.5% a day on average for past five trading days. |
Weekly Trend | SOXL advances 9.6% a week on average for past two weeks. |
Market Behavior | Value stock 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(95%) EWY(85%) TAN(85%) EEM(84%) IYT(84%) |
Factors Impacting SOXL price | SOXL will decline at least -2.38% in a week (0% probabilities). VIXM(-55%) VXX(-46%) UUP(-13%) SHY(-7%) BNDX(-5%) |
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 | -2.38% (StdDev 4.76%) |
Hourly BBV | 1.5 () |
Intraday Trend | 5.4% |
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