| SOXL latest price $8.5200 (-5.44%) ($8.4800 - $9.4400) on Thu. Oct. 27, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.19% (three month average) |
RSI | 46 |
Latest Price | $8.5200(-5.44%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.9% a day on average for past five trading days. |
Weekly Trend | SOXL advances 5.7% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(91%) QQQ(87%) IWF(84%) IVW(81%) SPY(81%) |
Factors Impacting SOXL price | SOXL will decline at least -3.595% in a week (0% probabilities). UUP(-14%) TBT(-9%) VXX(-5%) VIXM(-4%) UNG(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | |
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Market Trend Strength | -3.595% (StdDev 7.19%) |
Hourly BBV | -1.8 () |
Intraday Trend | -7.5% |
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