| SPXL latest price $87.4500 (-1.75%) ($85.6000 - $89.7300) on Tue. May. 31, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.97% (three month average) |
RSI | 58 |
Latest Price | $87.4500(-1.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 2.4% a day on average for past five trading days. |
Weekly Trend | SPXL advances 2.8% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(98%) IWF(97%) IVE(96%) DIA(94%) IWD(94%) |
Factors Impacting SPXL price | SPXL will decline at least -2.485% in a week (0% probabilities). VIXM(-34%) UUP(-30%) TBT(-12%) VXX(-6%) UNG(10%) |
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 | -2.485% (StdDev 4.97%) |
Hourly BBV | 0.9 () |
Intraday Trend | -0.4% |
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