| SPXL latest price $69.3400 (16.34%) ($65.0600 - $69.5400) on Thu. Nov. 10, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.03% (three month average) |
RSI | 62 |
Latest Price | $69.3400(16.34%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 3.6% a day on average for past five trading days. |
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(97%) IVE(96%) IWF(96%) QQQ(93%) DIA(91%) |
Factors Impacting SPXL price | SPXL will decline at least -2.515% in a week (0% probabilities). UUP(-14%) TBT(-13%) VIXM(-11%) VXX(-2%) SHY(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 | -2.515% (StdDev 5.03%) |
Hourly BBV | 1.7 () |
Intraday Trend | 4.7% |
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