| SPXL latest price $91.9100 (-0.61%) ($91.7900 - $93.4100) on Thu. Aug. 31, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.01% (three month average) |
RSI | 52 |
Latest Price | $91.9100(-0.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.7% a day on average for past five trading days. |
Weekly Trend | SPXL advances 1.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVE(97%) VT(96%) IWF(95%) QQQ(95%) VUG(95%) |
Factors Impacting SPXL price | SPXL will decline at least -1.005% in a week (0% probabilities). VXX(-74%) VIXM(-68%) UUP(-34%) 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 | -1.005% (StdDev 2.01%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.9% |
| |
|
|