| SOXL latest price $16.1400 (7.24%) ($15.1400 - $16.3400) on Wed. May. 17, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.67% (three month average) |
RSI | 69 |
Latest Price | $16.1400(7.24%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.6% a day on average for past five trading days. |
Weekly Trend | SOXL advances 2.9% 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) SMH(98%) FIVG(89%) XLK(86%) QQQ(85%) VUG(79%) |
Factors Impacting SOXL price | SOXL will decline at least -2.335% in a week (0% probabilities). VXX(-51%) VIXM(-46%) UUP(-20%) TBT(-18%) GLD(-3%) |
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 | -2.335% (StdDev 4.67%) |
Hourly BBV | 1.6 () |
Intraday Trend | 4.3% |
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