| SPXL latest price $73.0700 (-3.32%) ($71.3700 - $75.1800) on Tue. May. 2, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.81% (three month average) |
RSI | 54 |
Latest Price | $73.0700(-3.32%) |
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 -0.5% 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%) VT(95%) IWF(94%) VUG(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.405% in a week (0% probabilities). VXX(-74%) VIXM(-67%) UUP(-29%) TBT(-22%) SHY(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.405% (StdDev 2.81%) |
Hourly BBV | -1.1 () |
Intraday Trend | -2.8% |
| |
|
|