| SPXL latest price $80.6700 (2.67%) ($79.7600 - $81.5500) on Fri. Nov. 3, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.46% (three month average) |
RSI | 44 |
Latest Price | $80.6700(2.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 3.4% a day on average for past five trading days. |
Weekly Trend | SPXL declines -1.9% 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(98%) IWF(94%) VT(94%) VUG(93%) DIA(89%) |
Factors Impacting SPXL price | SPXL will decline at least -1.23% in a week (0% probabilities). VXX(-66%) VIXM(-53%) UUP(-37%) TBT(-29%) GLD(-4%) |
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 | -1.23% (StdDev 2.46%) |
Hourly BBV | 1.2 () |
Intraday Trend | 1% |
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