| SPXL latest price $67.3800 (-0.31%) ($66.3000 - $68.3500) on Wed. Jun. 29, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.27% (three month average) |
RSI | 32 |
Latest Price | $67.3800(-0.31%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.8% a day on average for past five trading days. |
Weekly Trend | SPXL declines -2.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(98%) IWF(97%) IVE(96%) DIA(94%) IWD(94%) |
Factors Impacting SPXL price | SPXL will decline at least -2.635% in a week (0% probabilities). VIXM(-29%) UUP(-28%) TBT(-11%) VXX(-4%) EDOC(7%) |
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 | -2.635% (StdDev 5.27%) |
Hourly BBV | -1 () |
Intraday Trend | -0.7% |
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