| SPXL latest price $93.2200 (2.21%) ($92.0580 - $93.6390) on Thu. Dec. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.4% (three month average) |
RSI | 68 |
Latest Price | $93.2200(2.21%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.2% a day on average for past five trading days. |
Weekly Trend | SPXL advances 1.2% 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) DIA(91%) IWF(90%) VT(89%) VUG(89%) XLF(86%) |
Factors Impacting SPXL price | SPXL will decline at least -1.2% in a week (0% probabilities). UUP(-40%) VIXM(-65%) VXX(-60%) BNDX(-7%) TLT(13%) |
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 | -1.2% (StdDev 2.4%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.9% |
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