| SPXL latest price $92.5400 (-1.47%) ($91.0300 - $92.6250) on Mon. Dec. 4, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.4% (three month average) |
RSI | 84 |
Latest Price | $92.5400(-1.47%) |
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 2.4% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) DIA(91%) IWF(90%) VT(89%) VUG(89%) XLF(86%) |
Factors Impacting SPXL price | SPXL will decline at least -1.2% in a week (0% probabilities). VIXM(-66%) VXX(-61%) UUP(-39%) BNDX(-9%) TLT(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 | -1.2% (StdDev 2.4%) |
Hourly BBV | -0 () |
Intraday Trend | 0.8% |
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