| SPXL latest price $86.0800 (-3.23%) ($85.5300 - $89.0200) on Wed. Jun. 8, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.85% (three month average) |
RSI | 66 |
Latest Price | $86.0800(-3.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.2% a day on average for past five trading days. |
Weekly Trend | SPXL advances 7.3% a week on average for past two weeks. |
Market Behavior | Broad based 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 -2.425% in a week (0% probabilities). VIXM(-34%) UUP(-30%) TBT(-13%) VXX(-6%) UNG(9%) |
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 | -2.425% (StdDev 4.85%) |
Hourly BBV | -0.9 () |
Intraday Trend | -1.9% |
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