| SPXL latest price $93.9300 (0.75%) ($92.4000 - $94.4300) on Thu. Aug. 18, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.28% (three month average) |
RSI | 71 |
Latest Price | $93.9300(0.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1% a day on average for past five trading days. |
Weekly Trend | SPXL advances 5.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock 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 -2.14% in a week (0% probabilities). UUP(-28%) VIXM(-25%) 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 | -2.14% (StdDev 4.28%) |
Hourly BBV | 0.3 () |
Intraday Trend | 0.8% |
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