| SOXL latest price $28.5300 (0.42%) ($27.4360 - $28.7200) on Tue. Aug. 1, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.62% (three month average) |
RSI | 60 |
Latest Price | $28.5300(0.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.8% a day on average for past five trading days. |
Weekly Trend | SOXL advances 0.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) SMH(99%) FIVG(89%) QQQ(88%) XLK(85%) BOTZ(81%) |
Factors Impacting SOXL price | SOXL will decline at least -2.81% in a week (0% probabilities). VXX(-57%) VIXM(-52%) TBT(-23%) UUP(-20%) GLD(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.81% (StdDev 5.62%) |
Hourly BBV | 1.4 () |
Intraday Trend | 2.6% |
| |
|
|