| SPXL latest price $86.2800 (0.9%) ($84.6000 - $86.3400) on Thu. Jun. 22, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.21% (three month average) |
RSI | 78 |
Latest Price | $86.2800(0.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.1% a day on average for past five trading days. |
Weekly Trend | SPXL advances 4.9% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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(96%) IWF(95%) VT(94%) VUG(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.105% in a week (0% probabilities). VXX(-72%) VIXM(-66%) UUP(-35%) TBT(-33%) EDOC(-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 | -1.105% (StdDev 2.21%) |
Hourly BBV | -0.1 () |
Intraday Trend | 1.7% |
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