| SPXL latest price $89.4000 (3.95%) ($85.7000 - $90.2200) on Thu. Jun. 15, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.43% (three month average) |
RSI | 88 |
Latest Price | $89.4000(3.95%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 2.2% a day on average for past five trading days. |
Weekly Trend | SPXL advances 6% 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(99%) IVE(96%) IWF(94%) VT(94%) VUG(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.215% in a week (0% probabilities). VXX(-71%) VIXM(-65%) UUP(-35%) TBT(-33%) EDOC(-3%) |
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 | -1.215% (StdDev 2.43%) |
Hourly BBV | 0 () |
Intraday Trend | 4.2% |
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