| SPXL latest price $120.6300 (1.37%) ($117.3650 - $120.9700) on Fri. Mar. 25, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.95% (three month average) |
RSI | 73 |
Latest Price | $120.6300(1.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.1% a day on average for past five trading days. |
Weekly Trend | SPXL advances 9.9% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(98%) IWF(97%) IVE(96%) DIA(95%) QQQ(95%) |
Factors Impacting SPXL price | SPXL will decline at least -1.975% in a week (0% probabilities). VIXM(-44%) UUP(-30%) TBT(-10%) VXX(-8%) UNG(10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.975% (StdDev 3.95%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.9% |
| |
|
|