| SPXL latest price $81.7300 (1.57%) ($79.9300 - $82.0400) on Thu. Jun. 8, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.61% (three month average) |
RSI | 61 |
Latest Price | $81.7300(1.57%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1% a day on average for past five trading days. |
Weekly Trend | SPXL advances 4% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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%) IVE(96%) VT(95%) IWF(94%) VUG(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.305% in a week (0% probabilities). VXX(-71%) VIXM(-65%) UUP(-33%) TBT(-31%) EDOC(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.305% (StdDev 2.61%) |
Hourly BBV | 1.6 () |
Intraday Trend | 1.7% |
| |
|
|