| SPXL latest price $71.4200 (-12.93%) ($70.6340 - $77.3190) on Tue. Sep. 13, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.23% (three month average) |
RSI | 37 |
Latest Price | $71.4200(-12.93%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.2% a day on average for past five trading days. |
Weekly Trend | SPXL declines -3.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(98%) IWF(97%) IVE(96%) DIA(93%) IWD(93%) |
Factors Impacting SPXL price | SPXL will decline at least -2.115% in a week (0% probabilities). UUP(-27%) VIXM(-22%) TBT(-15%) VXX(-4%) EDOC(8%) |
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 | -2.115% (StdDev 4.23%) |
Hourly BBV | -2 () |
Intraday Trend | -6.7% |
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