| SOXL latest price $20.0100 (0.91%) ($19.0300 - $20.6050) on Mon. Aug. 1, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.42% (three month average) |
RSI | 80 |
Latest Price | $20.0100(0.91%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3% a day on average for past five trading days. |
Weekly Trend | SOXL advances 14.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(92%) QQQ(88%) IWF(86%) IVW(84%) SPY(82%) |
Factors Impacting SOXL price | SOXL will decline at least -4.21% in a week (0% probabilities). UUP(-23%) VIXM(-17%) TBT(-12%) VXX(-6%) EDOC(-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 | -4.21% (StdDev 8.42%) |
Hourly BBV | 1 () |
Intraday Trend | 3.3% |
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