| SOXL latest price $27.9200 (4.77%) ($26.4200 - $28.4000) on Wed. Dec. 13, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.67% (three month average) |
RSI | 72 |
Latest Price | $27.9200(4.77%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 5.3% a day on average for past five trading days. |
Weekly Trend | SOXL advances 6.2% 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) FIVG(96%) EWY(86%) IVE(82%) VT(81%) XLY(79%) |
Factors Impacting SOXL price | SOXL will decline at least -2.335% in a week (0% probabilities). VIXM(-57%) VXX(-50%) UUP(-14%) BLOK(-10%) BNDX(-6%) |
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 | -2.335% (StdDev 4.67%) |
Hourly BBV | 2.3 () |
Intraday Trend | 4.5% |
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