| SPXL latest price $145.2700 (-0.22%) ($144.4700 - $146.9800) on Tue. Dec. 28, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.61% (three month average) |
RSI | 57 |
Latest Price | $145.2700(-0.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 2.8% a day on average for past five trading days. |
Weekly Trend | SPXL advances 1.5% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(98%) IWF(97%) DIA(95%) IVE(95%) QQQ(95%) |
Factors Impacting SPXL price | SPXL will decline at least -1.305% in a week (0% probabilities). VIXM(-50%) UUP(-31%) VXX(-11%) TBT(-7%) IGOV(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.305% (StdDev 2.61%) |
Hourly BBV | 0.9 () |
Intraday Trend | -0.5% |
| |
|
|