| SPXL latest price $62.6600 (-0.67%) ($59.6200 - $63.8800) on Wed. Oct. 5, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.22% (three month average) |
RSI | 40 |
Latest Price | $62.6600(-0.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.9% a day on average for past five trading days. |
Weekly Trend | SPXL declines -6.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(97%) IWF(97%) IVE(96%) QQQ(93%) DIA(92%) |
Factors Impacting SPXL price | SPXL will decline at least -2.11% in a week (0% probabilities). UUP(-22%) VIXM(-18%) TBT(-15%) VXX(-4%) UNG(7%) |
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 | -2.11% (StdDev 4.22%) |
Hourly BBV | 1.2 () |
Intraday Trend | 3.1% |
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