| SPXL latest price $68.7900 (1.07%) ($66.8250 - $70.1700) on Wed. Jul. 6, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.34% (three month average) |
RSI | 59 |
Latest Price | $68.7900(1.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.4% a day on average for past five trading days. |
Weekly Trend | SPXL advances 3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock 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%) QQQ(94%) |
Factors Impacting SPXL price | SPXL will decline at least -2.67% in a week (0% probabilities). VIXM(-28%) UUP(-28%) TBT(-13%) VXX(-4%) EDOC(3%) |
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 | -2.67% (StdDev 5.34%) |
Hourly BBV | 1.9 () |
Intraday Trend | 0.9% |
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