| SPXL latest price $94.3400 (1.2%) ($92.5600 - $94.7000) on Fri. Dec. 8, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.4% (three month average) |
RSI | 69 |
Latest Price | $94.3400(1.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.1% a day on average for past five trading days. |
Weekly Trend | SPXL advances 0.9% 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) DIA(92%) IWF(90%) EWY(89%) VT(89%) VUG(89%) |
Factors Impacting SPXL price | SPXL will decline at least -1.2% in a week (0% probabilities). VIXM(-66%) UUP(-40%) BNDX(-6%) TIP(14%) BND(14%) |
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 | 1.9 () |
Intraday Trend | 1.8% |
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