Trading Signals: SPXL Stock Price Prediction and Forecast

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Fri. Dec. 22, 2023

Trading Signals: SPXL Stock Price Prediction and Forecast (Fri. Jun. 29, 2012 - Fri. Dec. 22, 2023)

(Direxion Daily S&P500 Bull 3X ETF)
SPXL latest price $103.3700 (0.84%) ($103.0900 - $104.2550) on Fri. Dec. 22, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.34% (three month average)
RSI   75
Latest Price   $103.3700(0.84%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SPXL advances 0.4% a day on average for past five trading days.
Weekly Trend   SPXL advances 5.1% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support SPXL advance at 0% a week (0% probability)
GDXJ(94%)    IWF(94%)    VUG(94%)    EWI(93%)    IWD(93%)
Factors Impacting SPXL price   SPXL will decline at least -1.17% in a week (0% probabilities).
VXX(-63%)    UUP(-42%)    BNDX(1%)    TBT(8%)    TIP(19%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.17% (StdDev 2.34%)
Hourly BBV 0 ()
Intraday Trend 0.1%

5 Day Moving Average   $102.64(0.71%)
10 Day Moving Average   $101(2.35%)
20 Day Moving Average   $96.93(6.64%)
To recent high   -1.1%
To recent low   51.3%
Market Cap   $N/A

Average daily price decay: -0.01%

$. SPXL is a 3x leveraged ETF. You'll lose 0.01% a day on average for holding it.$. SPXL price fluctuates within 4.84% (three month std-dev: 2.34%) daily (68% of days).

Sample size 50 Average positive next day return: 1.21%(40%) Average negative next day return: -1.82%(60%) Sample size 50 Average positive next three day return: 1.99%(48%) Average negative next three day return: -2.58%(52%) Sample size 50 Average positive next weekly return: 2.82%(46%) Average negative next weekly return: -3.73%(54%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Dec_22_2023	86.39	96.93	101	102.64	102.83	102.63	103.37(0.84%)	UT	OpenLong	75	0.2	49	-10	20	137	3.83	58%	0.13	65.5	2.34%	0	1.4	75	1.4
2	Dec_21_2023	86.28	96.34	100.13	102.19	102.59	102.01	102.51(2.47%)	UT	HoldLong	50	0.1	17	-30	-18	120	8.61	54%	0.1	68.6	2.34%	-0.9	1.4	69	0.6
3	Dec_20_2023	86.19	95.79	99.24	101.99	102.44	103.04	100.04(-4.3%)	UD	OpenLong	65	-0.4	30	50	-2	126	11.88	51%	0.03	73.7	2.42%	-2.7	1	68	0.3
4	Dec_19_2023	86.16	95.32	98.42	102.12	102.25	103.18	104.53(1.75%)	UT	HoldLong	65	0.6	82	70	57	157	5.41	54%	0.08	78.4	2.38%	1.3	2.1	82	0.7
5	Dec_18_2023	86.09	94.63	97.19	100.56	101	101.85	102.73(1.59%)	UT	HoldLong	65	0.6	67	70	45	134	7.04	54%	0.06	87.7	2.38%	1.6	2.1	80	0.8

6	Dec_15_2023	86.04	93.95	96.15	99.11	99.31	101.32	101.12(-0.42%)	UD	OpenLong	75	0.6	74	150	57	123	8.97	51%	0.07	93.5	2.37%	0.4	2.1	79	0.8
7	Dec_14_2023	85.98	93.33	95.38	97.75	97.73	100.14	101.55(0.88%)	UT	HoldLong	65	1.2	104	170	97	124	10.26	53%	0.06	104.1	2.42%	1.1	2.6	77	1.6
8	Dec_13_2023	85.93	92.66	94.42	96.09	95.75	97.31	100.66(4.05%)	UT	HoldLong	65	1.7	81	100	76	94	10.66	53%	0.05	119.4	2.44%	2.7	3	76	1.4
9	Dec_12_2023	85.89	92.02	93.44	94.19	94.25	95.31	96.74(1.33%)	UT	OpenLong	75	1.2	45	80	42	55	6.01	50%	0.01	142.3	2.39%	1.9	2.3	73	1.6
10	Dec_11_2023	85.88	91.37	92.91	93.33	93.39	94.19	95.47(1.2%)	UT	OpenLong	75	0.8	37	60	35	41	6.07	50%	0.01	113	2.39%	1.7	1.6	66	1.4

11	Dec_8_2023	85.87	90.8	92.47	92.74	92.71	93.2	94.34(1.2%)	UT	OpenLong	75	0.6	21	40	18	30	9.79	50%	-0.01	101.3	2.4%	1.9	1.3	69	1.2
12	Dec_7_2023	85.88	90.12	92.21	92.66	92.31	92.6	93.22(2.21%)	UT	OpenLong	75	0.2	15	10	9	33	7.2	50%	-0.03	83.6	2.4%	1.3	0.9	68	1
13	Dec_6_2023	85.91	89.58	92.05	92.49	92.34	92.23	91.2(-1.31%)	UD	OpenLong	75	-0.3	14	-10	6	37	9.15	49%	-0.06	86	2.39%	-1.7	0.4	64	1.2
14	Dec_5_2023	85.96	89.14	92.03	92.54	92.2	92.03	92.41(-0.14%)	UD	OpenLong	65	-0	4	-20	-8	39	10.37	49%	-0.02	92.5	2.4%	-0.1	0.8	73	1.3
15	Dec_4_2023	85.98	88.6	91.93	92.37	92.25	92.46	92.54(-1.47%)	UD	OpenLong	75	0	20	10	6	63	9.19	49%	-0.01	99	2.4%	-0	0.9	84	1.4

16	Dec_1_2023	85.99	88.02	91.65	92.13	92.11	92.38	93.92(1.66%)	UT	HoldLong	65	0.4	31	20	15	79	10.6	49%	0.01	107.7	2.41%	1.7	1.3	88	1.3
17	Nov_30_2023	85.98	87.27	91.16	91.71	91.74	92.04	92.39(1.06%)	UT	HoldLong	65	0.1	29	20	6	96	9.95	49%	0.01	111.9	2.39%	-0.4	1.1	91	1.4
18	Nov_29_2023	85.97	86.4	90.81	91.59	91.73	91.85	91.42(-0.17%)	UD	OpenLong	75	-0	38	10	11	117	7.78	52%	0.02	102.6	2.39%	-0.6	0.9	78	1.3
19	Nov_28_2023	85.95	85.47	90.51	91.45	91.61	91.44	91.58(0.27%)	UD	OpenLong	65	0	31	-10	-1	127	6.72	52%	0.05	89	2.45%	-0.8	1	79	1.5
20	Nov_27_2023	85.91	84.47	89.75	91.42	91.41	91.6	91.33(-0.57%)	UD	OpenLong	75	-0	37	10	3	138	6.1	52%	0.06	80.1	2.46%	-0.2	1	80	1.3

21	Nov_24_2023	85.86	83.36	89.03	91.06	91.16	91.77	91.85(0.1%)	UT	HoldLong	65	0.1	56	50	24	152	2.94	50%	0	68.6	2.47%	0	1.2	82	1.4
22	Nov_22_2023	85.86	82.26	87.89	90.5	90.52	91.21	91.76(1.12%)	UT	HoldLong	65	0.2	58	50	27	149	8.06	52%	0.07	58.5	2.54%	1.1	1.3	85	1.2
23	Nov_21_2023	85.8	81.26	86.92	89.91	89.74	90.55	90.74(-0.72%)	UD	OpenLong	75	0.1	58	60	23	163	12.75	53%	0	54.1	2.54%	0.7	1.3	88	1.3
24	Nov_20_2023	85.8	80.46	86.04	89.42	89.34	89.83	91.4(2.09%)	UT	HoldLong	65	0.3	79	40	40	195	10.07	53%	0.02	49.4	2.54%	2.1	1.6	91	1.4
25	Nov_17_2023	85.78	79.53	84.99	87.82	88.67	88.94	89.53(0.54%)	UT	HoldLong	65	0.3	73	50	30	200	10.77	52%		39.4	2.53%	1.2	1.5	91	1.5
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD