| SOXL latest price $15.9500 (7.05%) ($14.9300 - $16.0200) on Wed. Nov. 1, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.7% (three month average) |
RSI | 30 |
Latest Price | $15.9500(7.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 1.3% a day on average for past five trading days. |
Weekly Trend | SOXL declines -11.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support SOXL advance at 0% a week (0% probability) FIVG(91%) QQQ(82%) DRIV(79%) SPY(78%) BOTZ(77%) |
Factors Impacting SOXL price | SOXL will decline at least -2.35% in a week (0% probabilities). VXX(-37%) TBT(-31%) VIXM(-28%) UUP(-20%) GLD(-10%) |
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 | -2.35% (StdDev 4.7%) |
Hourly BBV | 2.2 () |
Intraday Trend | 6.7% |
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