| SOXL latest price $22.2800 (2.96%) ($21.4600 - $22.4680) on Thu. Jun. 8, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.6% (three month average) |
RSI | 68 |
Latest Price | $22.2800(2.96%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.1% a day on average for past five trading days. |
Weekly Trend | SOXL advances 11.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) SMH(98%) FIVG(89%) QQQ(84%) XLK(84%) VUG(79%) |
Factors Impacting SOXL price | SOXL will decline at least -2.8% in a week (0% probabilities). VXX(-51%) VIXM(-47%) UUP(-24%) TBT(-21%) BLOK(-7%) |
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 | -2.8% (StdDev 5.6%) |
Hourly BBV | 0.9 () |
Intraday Trend | 2.3% |
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