| SPXL latest price $76.0000 (1.99%) ($72.4600 - $76.2600) on Thu. Sep. 8, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.35% (three month average) |
RSI | 27 |
Latest Price | $76.0000(1.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.8% a day on average for past five trading days. |
Weekly Trend | SPXL declines -8.3% 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(93%) IWD(93%) |
Factors Impacting SPXL price | SPXL will decline at least -2.175% in a week (0% probabilities). UUP(-27%) VIXM(-22%) TBT(-14%) EDOC(-9%) VXX(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.175% (StdDev 4.35%) |
Hourly BBV | 1.2 () |
Intraday Trend | 3.9% |
| |
|
|