| SOXL latest price $15.2400 (4.89%) ($14.3000 - $15.3000) on Thu. Jan. 26, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.9% (three month average) |
RSI | 85 |
Latest Price | $15.2400(4.89%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 5.1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 12.8% 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(89%) XLK(86%) QQQ(84%) IWF(79%) VUG(79%) |
Factors Impacting SOXL price | SOXL will decline at least -3.95% in a week (0% probabilities). VIXM(-47%) UUP(-18%) VXX(-14%) TBT(-9%) SHY(-8%) |
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 | -3.95% (StdDev 7.9%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.6% |
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