| SPXL latest price $69.7000 (-2.24%) ($69.2900 - $70.8800) on Wed. Nov. 16, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.03% (three month average) |
RSI | 59 |
Latest Price | $69.7000(-2.24%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 3% a day on average for past five trading days. |
Weekly Trend | SPXL advances 5.3% 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%) IVE(96%) IWF(96%) QQQ(93%) DIA(91%) |
Factors Impacting SPXL price | SPXL will decline at least -2.515% in a week (0% probabilities). TBT(-14%) UUP(-12%) VIXM(-11%) VXX(-2%) SHY(2%) |
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 | -2.515% (StdDev 5.03%) |
Hourly BBV | -1.4 () |
Intraday Trend | -1% |
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