| SPXL latest price $75.1500 (-1.8%) ($74.1200 - $75.9000) on Mon. Feb. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.91% (three month average) |
RSI | 60 |
Latest Price | $75.1500(-1.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.3% 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 | 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%) IVE(97%) IWF(95%) VT(95%) VUG(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.955% in a week (0% probabilities). VIXM(-63%) VXX(-26%) UUP(-25%) TBT(-14%) SHY(-12%) |
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 | -1.955% (StdDev 3.91%) |
Hourly BBV | -1.3 () |
Intraday Trend | 0.1% |
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