| SPXL latest price $76.8700 (3.02%) ($72.8600 - $76.9300) on Thu. Jul. 21, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.41% (three month average) |
RSI | 71 |
Latest Price | $76.8700(3.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 3.2% a day on average for past five trading days. |
Weekly Trend | SPXL advances 3.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock 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 -2.705% in a week (0% probabilities). UUP(-29%) VIXM(-28%) TBT(-14%) VXX(-4%) EDOC(2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.705% (StdDev 5.41%) |
Hourly BBV | 1.6 () |
Intraday Trend | 3.5% |
| |
|
|