| SPXL latest price $85.9300 (2.03%) ($83.0400 - $86.6900) on Fri. Aug. 25, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.01% (three month average) |
RSI | 33 |
Latest Price | $85.9300(2.03%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.4% a day on average for past five trading days. |
Weekly Trend | SPXL declines -2.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(99%) IVE(97%) VT(96%) IWF(95%) VUG(95%) |
Factors Impacting SPXL price | SPXL will decline at least -1.005% in a week (0% probabilities). VXX(-75%) VIXM(-69%) UUP(-34%) TBT(-34%) EDOC(-8%) |
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 | -1.005% (StdDev 2.01%) |
Hourly BBV | 0 () |
Intraday Trend | 0.9% |
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