| SPXL latest price $114.5800 (7.54%) ($104.0200 - $114.5800) on Fri. Jan. 28, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.97% (three month average) |
RSI | 29 |
Latest Price | $114.5800(7.54%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.5% a day on average for past five trading days. |
Weekly Trend | SPXL declines -10.1% 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) IVW(98%) IWF(97%) DIA(95%) IVE(95%) QQQ(95%) |
Factors Impacting SPXL price | SPXL will decline at least -1.485% in a week (0% probabilities). VIXM(-49%) UUP(-31%) VXX(-11%) TBT(-7%) EDOC(5%) |
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 | -1.485% (StdDev 2.97%) |
Hourly BBV | 0.5 () |
Intraday Trend | 6.5% |
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