| SOXL latest price $28.2600 (0.71%) ($27.0900 - $28.5500) on Tue. Jul. 18, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.55% (three month average) |
RSI | 65 |
Latest Price | $28.2600(0.71%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 3% a day on average for past five trading days. |
Weekly Trend | SOXL advances 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) SMH(99%) FIVG(88%) QQQ(87%) XLK(85%) BOTZ(82%) |
Factors Impacting SOXL price | SOXL will decline at least -2.775% in a week (0% probabilities). VXX(-55%) VIXM(-51%) TBT(-25%) UUP(-24%) GLD(0%) |
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 | -2.775% (StdDev 5.55%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.8% |
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