| SPXL latest price $81.2400 (-1.88%) ($79.8000 - $83.2700) on Thu. Oct. 12, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.1% (three month average) |
RSI | 52 |
Latest Price | $81.2400(-1.88%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.2% a day on average for past five trading days. |
Weekly Trend | SPXL advances 1.6% 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(98%) IWF(95%) QQQ(95%) VT(95%) VUG(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.05% in a week (0% probabilities). VXX(-68%) VIXM(-63%) UUP(-33%) TBT(-33%) EDOC(-12%) |
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 | -0.4 () |
Intraday Trend | -2.2% |
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