| SPXL latest price $93.2300 (-2.08%) ($91.7700 - $95.0830) on Wed. Aug. 17, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.55% (three month average) |
RSI | 75 |
Latest Price | $93.2300(-2.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.9% a day on average for past five trading days. |
Weekly Trend | SPXL advances 6% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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 -2.275% in a week (0% probabilities). UUP(-28%) VIXM(-25%) TBT(-14%) 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 | -2.275% (StdDev 4.55%) |
Hourly BBV | -0.5 () |
Intraday Trend | 0.5% |
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