| SPXL latest price $87.6100 (-2.51%) ($86.0900 - $87.9400) on Thu. Jul. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.23% (three month average) |
RSI | 55 |
Latest Price | $87.6100(-2.51%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.3% a day on average for past five trading days. |
Weekly Trend | SPXL advances 1.2% 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) IVE(96%) IWF(95%) VT(95%) VUG(94%) QQQ(93%) |
Factors Impacting SPXL price | SPXL will decline at least -1.115% in a week (0% probabilities). VXX(-74%) VIXM(-68%) TBT(-35%) UUP(-34%) USO(1%) |
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 | -1.115% (StdDev 2.23%) |
Hourly BBV | -0.9 () |
Intraday Trend | 0.1% |
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