| SPXL latest price $69.0600 (0.99%) ($66.7300 - $69.8600) on Thu. Jan. 12, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.38% (three month average) |
RSI | 58 |
Latest Price | $69.0600(0.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 2.6% a day on average for past five trading days. |
Weekly Trend | SPXL advances 4% a week on average for past two weeks. |
Market Behavior | Value 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(97%) IWF(95%) VT(95%) VUG(94%) |
Factors Impacting SPXL price | SPXL will decline at least -2.19% in a week (0% probabilities). VIXM(-63%) UUP(-26%) VXX(-25%) EDOC(-16%) TBT(-12%) |
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 | -2.19% (StdDev 4.38%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.2% |
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