| SPXL latest price $94.6600 (1.27%) ($91.9400 - $95.0100) on Mon. Aug. 15, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.6% (three month average) |
RSI | 86 |
Latest Price | $94.6600(1.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 2.2% a day on average for past five trading days. |
Weekly Trend | SPXL advances 6.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal 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 -2.3% in a week (0% probabilities). UUP(-28%) VIXM(-25%) TBT(-14%) 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 | -2.3% (StdDev 4.6%) |
Hourly BBV | 1.6 () |
Intraday Trend | 3% |
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