| SPXL latest price $85.4200 (5.99%) ($82.0700 - $85.6500) on Tue. May. 17, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.77% (three month average) |
RSI | 45 |
Latest Price | $85.4200(5.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.3% a day on average for past five trading days. |
Weekly Trend | SPXL declines -7.3% 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%) IVE(96%) DIA(95%) IWD(94%) |
Factors Impacting SPXL price | SPXL will decline at least -2.385% in a week (0% probabilities). VIXM(-37%) UUP(-30%) TBT(-8%) VXX(-6%) TLT(8%) |
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 | -2.385% (StdDev 4.77%) |
Hourly BBV | 1.9 () |
Intraday Trend | 1.1% |
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