| SPXL latest price $89.0600 (0.03%) ($88.5600 - $92.2100) on Thu. Aug. 11, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.64% (three month average) |
RSI | 75 |
Latest Price | $89.0600(0.03%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.8% a day on average for past five trading days. |
Weekly Trend | SPXL advances 6.1% a week on average for past two weeks. |
Market Behavior | Value stock 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%) DIA(94%) QQQ(94%) |
Factors Impacting SPXL price | SPXL will decline at least -2.32% in a week (0% probabilities). UUP(-27%) VIXM(-26%) TBT(-15%) EDOC(-5%) VXX(-4%) |
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 | -2.32% (StdDev 4.64%) |
Hourly BBV | 0.4 () |
Intraday Trend | -2.1% |
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