| SPXS latest price $12.1200 (4.21%) ($11.5500 - $12.1400) on Wed. Dec. 20, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.4% (three month average) |
RSI | 32 |
Latest Price | $12.1200(4.21%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXS advances 0.1% a day on average for past five trading days. |
Weekly Trend | SPXS declines -4.9% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SPXS advance at 0% a week (0% probability) ACES(-20%) VIXM(63%) VXX(61%) UUP(42%) BNDX(-3%) |
Factors Impacting SPXS price | SPXS will decline at least -1.2% in a week (0% probabilities). EWJ(-93%) EWI(-93%) VUG(-92%) IWF(-92%) XLF(-90%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.2% (StdDev 2.4%) |
Hourly BBV | 2.6 () |
Intraday Trend | 3.6% |
| |
|
|