| SPXL latest price $89.5300 (0.54%) ($88.5100 - $89.7600) on Fri. Nov. 17, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.53% (three month average) |
RSI | 91 |
Latest Price | $89.5300(0.54%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.3% a day on average for past five trading days. |
Weekly Trend | SPXL advances 7.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVE(98%) SMH(98%) QQQ(96%) IWF(94%) VUG(93%) |
Factors Impacting SPXL price | SPXL will decline at least -1.265% in a week (0% probabilities). VXX(-49%) UUP(-40%) VIXM(-28%) TBT(-18%) BNDX(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 | -1.265% (StdDev 2.53%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.5% |
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