SOXL. Comprehensive SOXL Stock Analysis: Bearish Trends and Future Predictions.


SOXL Stock Analysis (August 14, 2024)

Closing Price: $35.1 (-0.65%)

Long-term Strategy:

  • Current Trend: Bearish, with the suggested investment position being to "Sell and Observe."
  • Bearish Zone Characteristics: Divided into 'Downtrend' and 'Rebound Trend.' The Downtrend is marked by strong downward movements with occasional upward fluctuations, while the Rebound Trend sees limited upward movements and downward fluctuations. Investing in this zone has low expected returns and higher risks.
  • Recommendation: In a bearish zone, strong selling pressure is likely to persist, leading to a pronounced downward trend. Medium to long-term investors are advised to wait for a potential entry into the Bullish zone before making buying decisions.
  • Current Status: The 'Sell and Observe' position has been maintained for 21 days since entering the Bearish zone, resulting in a cumulative loss of 46.3%.

Short-term Strategy:

  • Current Trend: Bearish zone but likely to shift to a bullish zone within a few days.
  • Recommendation: In the short term, aggressive selling is advised during upward movements, with a cautious approach to buying. A suitable investment position is "Buy (Bullish) and Hold" with a buying window expected between August 16-19 at a target price of $32.7.
  • Prediction: The trend over the next 10 days is expected to be predominantly upward, with a 2:8 ratio of downward to upward movement, and higher upward intensity. The price range is predicted to be between $33.4 and $40.3, with a median price of $36.9.

Additional Analysis:

  • Correlation with US Market: SOXL stock moves in line with the US Stock Market Index with an 80% probability, and against it with a 20% probability. The stock's flow may change based on market conditions.
  • Trend Reversal: A potential trend reversal is predicted approximately 3 to 8 days from now.
  • Volatility: Predictions have low volatility due to maintaining a suitable buy-sell intensity for the current trend.
  • Average Trend Zone & Level: The average trend level over the last 30 days was Bearish (-58%). The current level is Bearish (-1%), with a potential shift to Bullish (33%) in the next 10 days.

This analysis provides detailed insights into investment strategies, stock price targets, and trend predictions based on technical analysis.

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