| SOXL latest price $16.5700 (-5.26%) ($16.0400 - $17.2180) on Fri. Mar. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.07% (three month average) |
RSI | 58 |
Latest Price | $16.5700(-5.26%) |
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 6.2% 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(88%) XLK(85%) QQQ(82%) IWF(77%) VUG(77%) |
Factors Impacting SOXL price | SOXL will decline at least -3.035% in a week (0% probabilities). VXX(-50%) VIXM(-46%) UUP(-17%) TBT(-9%) SHY(-9%) |
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 | -3.035% (StdDev 6.07%) |
Hourly BBV | -1.2 () |
Intraday Trend | -2.9% |
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