| SPXL latest price $108.7800 (-0.77%) ($104.4240 - $110.1000) on Mon. Feb. 28, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.68% (three month average) |
RSI | 43 |
Latest Price | $108.7800(-0.77%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.3% a day on average for past five trading days. |
Weekly Trend | SPXL declines -6.4% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Normal 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 -1.84% in a week (0% probabilities). VIXM(-47%) UUP(-31%) VXX(-9%) TBT(-9%) EDOC(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.84% (StdDev 3.68%) |
Hourly BBV | 0.5 () |
Intraday Trend | 3% |
| |
|
|