| SPXL latest price $79.0200 (3.42%) ($74.2400 - $79.9100) on Fri. Oct. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.1% (three month average) |
RSI | 28 |
Latest Price | $79.0200(3.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.2% a day on average for past five trading days. |
Weekly Trend | SPXL declines -4.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVE(97%) VT(95%) IWF(94%) QQQ(94%) VUG(93%) |
Factors Impacting SPXL price | SPXL will decline at least -1.05% in a week (0% probabilities). VXX(-68%) VIXM(-63%) UUP(-33%) TBT(-33%) GLD(-8%) |
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 | -1.05% (StdDev 2.1%) |
Hourly BBV | 2.1 () |
Intraday Trend | 5.4% |
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