| SOXL latest price $25.6900 (5.55%) ($25.0000 - $25.8500) on Wed. Jul. 12, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.43% (three month average) |
RSI | 63 |
Latest Price | $25.6900(5.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.6% a day on average for past five trading days. |
Weekly Trend | SOXL advances 2.4% 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(99%) FIVG(88%) QQQ(87%) XLK(85%) BOTZ(82%) |
Factors Impacting SOXL price | SOXL will decline at least -2.715% in a week (0% probabilities). VXX(-56%) VIXM(-51%) TBT(-26%) UUP(-24%) GLD(1%) |
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 | -2.715% (StdDev 5.43%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1.1% |
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