| SPXL latest price $58.9900 (3.49%) ($57.3600 - $61.0410) on Tue. Oct. 18, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.54% (three month average) |
RSI | 49 |
Latest Price | $58.9900(3.49%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 2.1% a day on average for past five trading days. |
Weekly Trend | SPXL declines -2.1% 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(97%) IWF(97%) IVE(96%) QQQ(93%) DIA(92%) |
Factors Impacting SPXL price | SPXL will decline at least -2.27% in a week (0% probabilities). UUP(-19%) VIXM(-15%) TBT(-11%) VXX(-3%) EDOC(3%) |
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 | -2.27% (StdDev 4.54%) |
Hourly BBV | 0.8 () |
Intraday Trend | -3.2% |
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