| SPXL latest price $94.1300 (1.03%) ($93.0100 - $94.8200) on Mon. Jul. 17, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.2% (three month average) |
RSI | 81 |
Latest Price | $94.1300(1.03%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.5% a day on average for past five trading days. |
Weekly Trend | SPXL advances 3.4% a week on average for past two weeks. |
Market Behavior | Growth stock 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(98%) IVE(96%) IWF(95%) VT(95%) VUG(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.1% in a week (0% probabilities). VXX(-75%) VIXM(-69%) UUP(-35%) TBT(-34%) USO(3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.1% (StdDev 2.2%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.2% |
| |
|
|