| SOXL latest price $30.7500 (1.52%) ($30.2900 - $30.9800) on Tue. Dec. 19, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.6% (three month average) |
RSI | 78 |
Latest Price | $30.7500(1.52%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXL advances 2.8% a day on average for past five trading days. |
Weekly Trend | SOXL advances 16.1% 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(95%) IYT(91%) XLI(90%) DIA(89%) EEM(88%) |
Factors Impacting SOXL price | SOXL will decline at least -2.3% in a week (0% probabilities). VXX(-57%) VIXM(-56%) SHY(-10%) BLOK(-9%) UUP(-7%) |
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 | -2.3% (StdDev 4.6%) |
Hourly BBV | 0.4 () |
Intraday Trend | 1.2% |
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