| SOXL latest price $22.4000 (0.54%) ($22.0850 - $23.4900) on Fri. Jun. 9, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.54% (three month average) |
RSI | 70 |
Latest Price | $22.4000(0.54%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 0.3% a day on average for past five trading days. |
Weekly Trend | SOXL advances 10.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(89%) QQQ(84%) XLK(84%) IVW(79%) VUG(79%) |
Factors Impacting SOXL price | SOXL will decline at least -2.77% 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 | -2.77% (StdDev 5.54%) |
Hourly BBV | 0.2 () |
Intraday Trend | -2.7% |
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