| SPXL latest price $66.3000 (5%) ($61.5700 - $66.4700) on Thu. Mar. 16, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.14% (three month average) |
RSI | 49 |
Latest Price | $66.3000(5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.6% a day on average for past five trading days. |
Weekly Trend | SPXL declines -3.2% 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%) IVE(96%) VT(95%) IWF(94%) VUG(93%) |
Factors Impacting SPXL price | SPXL will decline at least -1.57% in a week (0% probabilities). VIXM(-63%) VXX(-27%) UUP(-23%) SHY(-19%) GLD(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.57% (StdDev 3.14%) |
Hourly BBV | 1.7 () |
Intraday Trend | 7.2% |
| |
|
|