| SPXL latest price $80.8300 (3.67%) ($76.2600 - $81.3000) on Thu. Jul. 28, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.26% (three month average) |
RSI | 62 |
Latest Price | $80.8300(3.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.1% a day on average for past five trading days. |
Weekly Trend | SPXL advances 5.9% a week on average for past two weeks. |
Market Behavior | Broad based 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%) IWD(94%) |
Factors Impacting SPXL price | SPXL will decline at least -2.63% in a week (0% probabilities). UUP(-29%) VIXM(-27%) TBT(-14%) VXX(-4%) EDOC(1%) |
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 | -2.63% (StdDev 5.26%) |
Hourly BBV | 1.6 () |
Intraday Trend | 3% |
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