| SPXL latest price $71.3900 (2.96%) ($68.7710 - $71.8200) on Fri. Nov. 11, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.05% (three month average) |
RSI | 61 |
Latest Price | $71.3900(2.96%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 3.4% a day on average for past five trading days. |
Weekly Trend | SPXL advances 0.9% a week on average for past two weeks. |
Market Behavior | Growth stock 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%) IVE(96%) IWF(96%) QQQ(93%) DIA(91%) |
Factors Impacting SPXL price | SPXL will decline at least -2.525% in a week (0% probabilities). UUP(-14%) TBT(-13%) VIXM(-11%) VXX(-2%) SHY(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 | -2.525% (StdDev 5.05%) |
Hourly BBV | 1.2 () |
Intraday Trend | 2.2% |
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