| SPXL latest price $85.0600 (-0.61%) ($82.7400 - $85.5600) on Fri. Aug. 5, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.78% (three month average) |
RSI | 78 |
Latest Price | $85.0600(-0.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.1% a day on average for past five trading days. |
Weekly Trend | SPXL advances 7.2% a week on average for past two weeks. |
Market Behavior | Normal 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%) IVE(96%) DIA(94%) QQQ(94%) |
Factors Impacting SPXL price | SPXL will decline at least -2.39% in a week (0% probabilities). UUP(-28%) VIXM(-27%) TBT(-15%) VXX(-4%) EDOC(-4%) |
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 | -2.39% (StdDev 4.78%) |
Hourly BBV | -0.7 () |
Intraday Trend | 2.7% |
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