| SPXL latest price $93.4700 (4.95%) ($89.6700 - $93.5750) on Fri. Aug. 12, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.67% (three month average) |
RSI | 77 |
Latest Price | $93.4700(4.95%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 2% a day on average for past five trading days. |
Weekly Trend | SPXL advances 6% 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 -2.335% in a week (0% probabilities). UUP(-27%) VIXM(-26%) 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 | -2.335% (StdDev 4.67%) |
Hourly BBV | 2 () |
Intraday Trend | 3.4% |
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