| SOXL latest price $12.3700 (1.98%) ($11.3100 - $12.5800) on Thu. Nov. 17, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.52% (three month average) |
RSI | 63 |
Latest Price | $12.3700(1.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.5% a day on average for past five trading days. |
Weekly Trend | SOXL advances 22.5% a week on average for past two weeks. |
Market Behavior | Normal 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(91%) QQQ(87%) IWF(84%) IVW(82%) SPY(80%) |
Factors Impacting SOXL price | SOXL will decline at least -4.26% in a week (0% probabilities). TBT(-11%) UUP(-9%) VXX(-5%) VIXM(-3%) UNG(-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 | -4.26% (StdDev 8.52%) |
Hourly BBV | -0.6 () |
Intraday Trend | 8.8% |
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