| SPXL latest price $91.3300 (2.32%) ($90.6800 - $92.2300) on Wed. Jul. 12, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.23% (three month average) |
RSI | 65 |
Latest Price | $91.3300(2.32%) |
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 1.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(98%) IVE(96%) IWF(95%) VT(95%) VUG(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.115% in a week (0% probabilities). VXX(-75%) VIXM(-68%) TBT(-35%) UUP(-33%) USO(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 | -1.115% (StdDev 2.23%) |
Hourly BBV | 1.2 () |
Intraday Trend | -0.3% |
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