| SOXL latest price $14.4700 (6.4%) ($13.4350 - $14.6750) on Fri. May. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.84% (three month average) |
RSI | 41 |
Latest Price | $14.4700(6.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.3% a day on average for past five trading days. |
Weekly Trend | SOXL declines -3.6% 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(85%) QQQ(83%) IWF(78%) VUG(78%) |
Factors Impacting SOXL price | SOXL will decline at least -2.42% in a week (0% probabilities). VXX(-52%) VIXM(-47%) UUP(-19%) TBT(-16%) GLD(-6%) |
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 | -2.42% (StdDev 4.84%) |
Hourly BBV | 1.8 () |
Intraday Trend | 6.1% |
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