Trading Signals: SPXL Stock Price Prediction and Forecast

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Wed. Nov. 1, 2023

Trading Signals: SPXL Stock Price Prediction and Forecast (Fri. Jun. 29, 2012 - Fri. Dec. 22, 2023)

(Direxion Daily S&P500 Bull 3X ETF)
SPXL latest price $74.3400 (3.19%) ($72.2600 - $74.7800) on Wed. Nov. 1, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.36% (three month average)
RSI   37
Latest Price   $74.3400(3.19%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SPXL advances 0.7% a day on average for past five trading days.
Weekly Trend   SPXL declines -6.3% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support SPXL advance at 0% a week (0% probability)
IVE(99%)    QQQ(94%)    VT(94%)    IWF(93%)    VUG(93%)
Factors Impacting SPXL price   SPXL will decline at least -1.18% in a week (0% probabilities).
VXX(-64%)    VIXM(-50%)    UUP(-34%)    TBT(-29%)    GLD(-5%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.18% (StdDev 2.36%)
Hourly BBV 2 ()
Intraday Trend 2.5%

1 - 5 Day Possible Target   $61.02(-17.92%)
Resistance Level   $76.38
5 Day Moving Average   $70.97(4.75%)
10 Day Moving Average   $72.58(2.42%)
20 Day Moving Average   $76.38(-2.67%)
To recent high   -23.5%
To recent low   8.8%
Market Cap   $N/A

Average daily price decay: -0.01%

$. SPXL is a 3x leveraged ETF. You'll lose 0.01% a day on average for holding it.$. SPXL price fluctuates within 5.8% (three month std-dev: 2.36%) daily (68% of days).

Sample size 22 Average positive next day return: 2.76%(27%) Average negative next day return: -1.38%(73%) Sample size 22 Average positive next three day return: 3.4%(36%) Average negative next three day return: -4.56%(64%) Sample size 22 Average positive next weekly return: 6.13%(41%) Average negative next weekly return: -4.53%(59%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20231201

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Nov_1_2023	86.07	76.38	72.58	70.97	71.03	72.41	74.34(3.19%)	N/A	N/A	0	0.8	2	140	50	-141	14.9	37%	-0.14	-38.8	2.36%	2	-0.5	37	1.6
2	Oct_31_2023	86.19	76.51	72.97	70.5	70.25	70.78	72.04(1.78%)	DP	OpenShort	-65	0.3	-37	40	11	-180	14.6	35%	-0.15	-43.1	2.32%	1.7	-1	30	1.3
3	Oct_30_2023	86.32	76.69	73.92	71.14	70.68	69.66	70.78(3.59%)	DP	OpenShort	-75	-0.1	-63	-120	-23	-183	13.46	35%	-0.14	-43.1	2.31%	1.6	-1.4	30	-0.1
4	Oct_27_2023	86.44	77.09	75.05	71.7	71.84	69.71	68.33(-1.5%)	DT	OpenShort	-75	-0.8	-102	-200	-72	-191	16.89	33%	-0.15	-45.6	2.29%	-1.6	-2.1	27	-1.7
5	Oct_26_2023	86.57	77.63	76.24	72.84	72.98	71.7	69.37(-3.61%)	DT	OpenShort	-75	-1	-106	-120	-83	-174	13.77	33%	-0.14	-46.3	2.3%	-1.2	-2.3	33	-1.1

6	Oct_25_2023	86.69	78.14	77.47	74.35	74.24	73.97	71.97(-4.36%)	DT	OpenShort	-75	-0.8	-60	-30	-40	-120	13.9	35%	-0.1	-44.2	2.26%	-1.8	-2	45	-0.8
7	Oct_24_2023	86.78	78.46	78.57	75.77	75.54	74.26	75.25(2.27%)	DP	OpenShort	-75	-0.2	-50	-130	-40	-78	13.87	37%	-0.07	-47.8	2.22%	1.2	-1.2	50	0.4
8	Oct_23_2023	86.84	78.6	79.24	77.19	76.87	74.5	73.58(-0.59%)	DT	OpenShort	-75	-1.4	-90	-230	-101	-56	17.57	35%	-0.09	-50.9	2.2%	-1	-1.9	51	-0.7
9	Oct_20_2023	86.92	78.99	79.99	78.96	78.88	76.83	74.02(-3.76%)	DT	OpenShort	-75	-2	-70	-180	-90	-11	16.54	35%	-0.05	-50	2.2%	-1.6	-2.1	45	-1.3
10	Oct_19_2023	86.96	79.31	80.58	80.14	80.52	79.23	76.91(-2.73%)	N/A	N/A	0	-1.5	-36	-100	-58	29	14.73	36%	0.01	-57.3	2.17%	-2	-1.1	49	-1.4

11	Oct_18_2023	86.95	79.51	80.61	81.01	81.17	80.93	79.07(-4.01%)	N/A	N/A	0	-0.8	-14	-10	-35	49	14.22	38%	0.02	-62	2.15%	-2.2	-0.2	52	-0.7
12	Oct_17_2023	86.93	79.78	80.42	81.75	81.59	81.81	82.37(-0.07%)	UD	OpenLong	75	0.2	27	10	9	82	14.19	40%	-0.06	-51.2	2.12%	0.3	0.9	63	0.5
13	Oct_16_2023	86.98	79.98	79.71	81.64	81.74	81.41	82.43(3.14%)	UT	OpenLong	75	0.2	23	-20	6	72	11.11	40%	0.07	-47.9	2.12%	1	0.7	63	0.8
14	Oct_13_2023	86.92	80.21	79.26	81.25	81.67	81.38	79.92(-1.62%)	UD	OpenLong	65	-0.4	7	-10	-8	52	13.11	39%	0.07	-48.9	2.08%	-1.5	-0.1	47	-1.3
15	Oct_12_2023	86.86	80.58	79.08	81.07	81.26	82.06	81.24(-1.88%)	UD	OpenLong	75	0	38	80	31	58	11.67	41%	0.1	-44	2.1%	-0.4	0.2	52	0.3

16	Oct_11_2023	86.77	81.03	78.82	80.11	80.06	81.97	82.8(1.23%)	UT	OpenLong	75	0.6	67	170	73	49	8.26	41%	0.1	-44.1	2.11%	1.2	0.4	53	0.4
17	Oct_10_2023	86.68	81.3	78.25	78.87	78.51	80.46	81.79(1.58%)	UT	OpenLong	75	0.6	71	160	92	8	9.44	41%	0.07	-49.2	2.12%	1.7	0.1	41	0.2
18	Oct_9_2023	86.62	81.62	77.79	77.5	77.03	78.15	80.52(1.9%)	N/A	N/A	0	0.6	26	80	56	-66	9.51	41%	0.05	-55.1	2.11%	1.6	-0.2	33	-0.1
19	Oct_6_2023	86.58	82.08	77.78	77.02	76.2	76.55	79.02(3.42%)	DP	OpenShort	-65	0.4	-19	0	14	-116	12.32	40%	0.02	-58	2.1%	2.1	-0.6	28	-0.7
20	Oct_5_2023	86.56	82.55	77.84	76.85	76.39	75.92	76.41(-0.27%)	DT	HoldShort	-65	-0.1	-52	-60	-16	-160	8.31	37%	0.02	-61	2.07%	1.7	-1.1	21	-0.7

21	Oct_4_2023	86.54	83.15	78.27	77.35	77.17	75.85	76.62(2.26%)	DP	OpenShort	-75	-0.1	-75	-130	-35	-193	12.69	37%	0.05	-63.3	2.07%	0.4	-1.2	18	-1
22	Oct_3_2023	86.5	83.8	79.06	77.52	77.77	76.86	74.93(-4.07%)	DT	HoldShort	-65	-0.5	-92	-70	-52	-212	13.29	35%	0.01	-65	2.06%	-1.6	-1.6	21	-2.1
23	Oct_2_2023	86.49	84.62	80.28	78.03	78.14	78.5	78.11(-0.12%)	DT	OpenShort	-75	0	-60	40	-14	-198	13.44	37%	0.07	-64.1	2.01%	-1.2	-1.3	25	-1.1
24	Sep_29_2023	86.43	85.34	81.25	78.63	78.29	78.69	78.2(-0.85%)	DT	HoldShort	-50	-0.1	-36	20	13	-181	15.52	40%	0.06	-56.7	2.05%	0.1	-1.4	23	-1.3
25	Sep_28_2023	86.38	86.03	82.21	79	78.53	77.79	78.87(1.75%)	DP	OpenShort	-75	-0	-60	-80	-17	-189	11.85	40%		-50.1	2.06%	1.2	-1.5	30	-0.9
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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