| SPXL latest price $84.4700 (4.5%) ($81.2800 - $85.0100) on Fri. Jul. 29, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.1% (three month average) |
RSI | 70 |
Latest Price | $84.4700(4.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 2.6% a day on average for past five trading days. |
Weekly Trend | SPXL advances 7.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value 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%) QQQ(94%) DIA(93%) |
Factors Impacting SPXL price | SPXL will decline at least -2.55% in a week (0% probabilities). UUP(-28%) VIXM(-27%) TBT(-14%) VXX(-4%) EDOC(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.55% (StdDev 5.1%) |
Hourly BBV | 1.5 () |
Intraday Trend | 3.3% |
| |
|
|