| SPXL latest price $74.8400 (3.58%) ($72.4400 - $75.1900) on Wed. May. 17, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.76% (three month average) |
RSI | 52 |
Latest Price | $74.8400(3.58%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.3% a day on average for past five trading days. |
Weekly Trend | SPXL declines -0.3% 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(97%) IVE(96%) VT(95%) IWF(94%) VUG(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.38% in a week (0% probabilities). VXX(-72%) VIXM(-66%) UUP(-31%) TBT(-29%) USO(4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.38% (StdDev 2.76%) |
Hourly BBV | 2.1 () |
Intraday Trend | 2.1% |
| |
|
|