| SPXL latest price $88.4600 (-1.05%) ($88.1600 - $90.7000) on Fri. Jun. 16, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.37% (three month average) |
RSI | 84 |
Latest Price | $88.4600(-1.05%) |
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 6.2% 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 -1.185% in a week (0% probabilities). VXX(-71%) VIXM(-66%) 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 | -1.185% (StdDev 2.37%) |
Hourly BBV | 0.9 () |
Intraday Trend | -2.4% |
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