| SPXL latest price $70.7400 (-1.87%) ($69.0500 - $74.1100) on Wed. Dec. 14, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.71% (three month average) |
RSI | 46 |
Latest Price | $70.7400(-1.87%) |
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 -1.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(98%) IVE(96%) IWF(96%) DIA(91%) QQQ(91%) |
Factors Impacting SPXL price | SPXL will decline at least -2.355% in a week (0% probabilities). TBT(-8%) VIXM(-7%) SHY(-6%) VXX(-1%) VCSH(2%) |
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 | -2.355% (StdDev 4.71%) |
Hourly BBV | 0.1 () |
Intraday Trend | -1.6% |
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