| SPXL latest price $88.2900 (5.85%) ($86.8000 - $89.0550) on Tue. Nov. 14, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.6% (three month average) |
RSI | 77 |
Latest Price | $88.2900(5.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.6% a day on average for past five trading days. |
Weekly Trend | SPXL advances 8.5% 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(99%) QQQ(98%) DIA(94%) IWF(92%) VT(92%) |
Factors Impacting SPXL price | SPXL will decline at least -1.3% in a week (0% probabilities). EDOC(-55%) VXX(-48%) UUP(-40%) VIXM(-24%) TBT(-18%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.3% (StdDev 2.6%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1.5% |
| |
|
|