| soxl latest price $16.9200 (-3.48%) ($16.7900 - $17.5500) on Tue. May. 23, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.5% (three month average) |
RSI | 71 |
Latest Price | $16.9200(-3.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | soxl advances 2.2% a day on average for past five trading days. |
Weekly Trend | soxl advances 11% 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%) XLK(86%) QQQ(85%) VUG(79%) |
Factors Impacting soxl price | soxl will decline at least -2.25% in a week (0% probabilities). VXX(-51%) VIXM(-46%) UUP(-19%) TBT(-18%) BLOK(-4%) |
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 | -2.25% (StdDev 4.5%) |
Hourly BBV | -2.1 () |
Intraday Trend | -1.6% |
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