| SOXL latest price $28.1000 (-8.62%) ($28.0500 - $30.6200) on Wed. Dec. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.69% (three month average) |
RSI | 71 |
Latest Price | $28.1000(-8.62%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 16.1% a week on average for past two weeks. |
Market Behavior | Broad based 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(92%) IYT(91%) XLI(90%) EEM(88%) |
Factors Impacting SOXL price | SOXL will decline at least -2.345% in a week (0% probabilities). VIXM(-59%) TBT(3%) VCSH(11%) TIP(12%) ONLN(30%) |
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 | -2.345% (StdDev 4.69%) |
Hourly BBV | -3.6 () |
Intraday Trend | -6.9% |
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