| SOXL latest price $40.1200 (9.68%) ($37.2300 - $40.8800) on Wed. Mar. 2, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.83% (three month average) |
RSI | 40 |
Latest Price | $40.1200(9.68%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.2% a day on average for past five trading days. |
Weekly Trend | SOXL declines -5.2% a week on average for past two weeks. |
Market Behavior | Broad based 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(93%) QQQ(89%) IWF(87%) IVW(86%) SPY(85%) |
Factors Impacting SOXL price | SOXL will decline at least -3.915% in a week (0% probabilities). VIXM(-36%) UUP(-25%) VXX(-9%) TBT(-6%) EDOC(1%) |
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 | -3.915% (StdDev 7.83%) |
Hourly BBV | 0.8 () |
Intraday Trend | 7.1% |
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