| SPXL latest price $82.0000 (0.16%) ($80.6800 - $82.4900) on Wed. Nov. 8, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.43% (three month average) |
RSI | 57 |
Latest Price | $82.0000(0.16%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.9% a day on average for past five trading days. |
Weekly Trend | SPXL advances 5% a week on average for past two weeks. |
Market Behavior | Normal 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(99%) QQQ(97%) DIA(93%) IWF(93%) VT(93%) |
Factors Impacting SPXL price | SPXL will decline at least -1.215% in a week (0% probabilities). VXX(-53%) VIXM(-38%) UUP(-38%) TBT(-25%) GLD(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.215% (StdDev 2.43%) |
Hourly BBV | 0.8 () |
Intraday Trend | -0.2% |
| |
|
|