| SPXL latest price $89.0300 (6.24%) ($87.0850 - $89.1750) on Wed. Aug. 10, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.68% (three month average) |
RSI | 69 |
Latest Price | $89.0300(6.24%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.8% a day on average for past five trading days. |
Weekly Trend | SPXL advances 6.3% 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%) IVE(96%) DIA(94%) QQQ(94%) |
Factors Impacting SPXL price | SPXL will decline at least -2.34% in a week (0% probabilities). UUP(-27%) VIXM(-26%) TBT(-15%) EDOC(-5%) VXX(-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 | -2.34% (StdDev 4.68%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.8% |
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