| SPXL latest price $85.5100 (-1.87%) ($85.0800 - $86.6730) on Wed. Jun. 21, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.32% (three month average) |
RSI | 72 |
Latest Price | $85.5100(-1.87%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.3% a day on average for past five trading days. |
Weekly Trend | SPXL advances 5.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(98%) IVE(96%) IWF(95%) VT(94%) VUG(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.16% in a week (0% probabilities). VXX(-71%) VIXM(-65%) UUP(-35%) TBT(-33%) EDOC(-5%) |
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 | -1.16% (StdDev 2.32%) |
Hourly BBV | -1 () |
Intraday Trend | -0.7% |
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