| SPXL latest price $95.4700 (1.2%) ($93.9100 - $95.5600) on Mon. Dec. 11, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.39% (three month average) |
RSI | 66 |
Latest Price | $95.4700(1.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.6% a day on average for past five trading days. |
Weekly Trend | SPXL advances 1.1% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) DIA(96%) EWY(91%) IWF(91%) VFMO(90%) VUG(90%) |
Factors Impacting SPXL price | SPXL will decline at least -1.195% in a week (0% probabilities). VIXM(-67%) VXX(-62%) UUP(-42%) BNDX(-6%) JETS(10%) |
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 | -1.195% (StdDev 2.39%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.3% |
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