| SPXL latest price $70.2300 (1.62%) ($69.2500 - $70.5960) on Thu. Mar. 30, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.09% (three month average) |
RSI | 68 |
Latest Price | $70.2300(1.62%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.6% a day on average for past five trading days. |
Weekly Trend | SPXL advances 3.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(97%) IVE(96%) VT(95%) IWF(94%) VUG(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.545% in a week (0% probabilities). VXX(-73%) VIXM(-64%) UUP(-24%) EDOC(-19%) TBT(-17%) |
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 | -1.545% (StdDev 3.09%) |
Hourly BBV | 1.1 () |
Intraday Trend | -0.3% |
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