| SOXL latest price $30.5700 (1.26%) ($30.3600 - $31.5900) on Fri. Dec. 15, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.61% (three month average) |
RSI | 77 |
Latest Price | $30.5700(1.26%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 5.1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 12.7% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(95%) TAN(87%) EWY(84%) IYT(84%) XLB(84%) |
Factors Impacting SOXL price | SOXL will decline at least -2.305% in a week (0% probabilities). VIXM(-55%) VXX(-44%) UUP(-12%) SHY(-4%) BLOK(-2%) |
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 | -2.305% (StdDev 4.61%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0.7% |
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