| SPXL latest price $120.7500 (5.38%) ($112.8700 - $120.9720) on Mon. Jan. 31, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.04% (three month average) |
RSI | 37 |
Latest Price | $120.7500(5.38%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.4% a day on average for past five trading days. |
Weekly Trend | SPXL declines -9.3% 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 SPXL advance at 0% a week (0% probability) IVW(98%) IWF(97%) DIA(95%) IVE(95%) QQQ(95%) |
Factors Impacting SPXL price | SPXL will decline at least -1.52% in a week (0% probabilities). VIXM(-49%) UUP(-31%) VXX(-10%) TBT(-8%) EDOC(5%) |
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 | -1.52% (StdDev 3.04%) |
Hourly BBV | 1.5 () |
Intraday Trend | 6% |
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