| SOXL latest price $18.2500 (-0.71%) ($17.7300 - $18.6400) on Mon. Nov. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.72% (three month average) |
RSI | 44 |
Latest Price | $18.2500(-0.71%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 4.6% a day on average for past five trading days. |
Weekly Trend | SOXL declines -1.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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%) IVW(86%) QQQ(84%) SPY(81%) XLK(77%) |
Factors Impacting SOXL price | SOXL will decline at least -2.36% in a week (0% probabilities). TBT(-23%) VXX(-22%) UUP(-21%) EDOC(-20%) VIXM(-14%) |
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 | -2.36% (StdDev 4.72%) |
Hourly BBV | 0.6 () |
Intraday Trend | -1.1% |
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