| SPXL latest price $74.6200 (1.9%) ($72.5700 - $75.4900) on Wed. Jul. 20, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.42% (three month average) |
RSI | 63 |
Latest Price | $74.6200(1.9%) |
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% a week on average for past two weeks. |
Market Behavior | Growth stock 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(94%) QQQ(94%) |
Factors Impacting SPXL price | SPXL will decline at least -2.71% in a week (0% probabilities). UUP(-29%) VIXM(-28%) TBT(-14%) VXX(-4%) 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 | -2.71% (StdDev 5.42%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1.8% |
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