| SPXS latest price $27.1400 (4.95%) ($26.6000 - $28.1200) on Fri. Sep. 23, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.05% (three month average) |
RSI | 64 |
Latest Price | $27.1400(4.95%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXS advances 2.8% a day on average for past five trading days. |
Weekly Trend | SPXS advances 6.9% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SPXS advance at 0% a week (0% probability) UUP(24%) VIXM(19%) TBT(15%) VXX(4%) EDOC(-4%) |
Factors Impacting SPXS price | SPXS will decline at least -2.025% in a week (0% probabilities). IWF(-97%) IVW(-97%) IVE(-96%) QQQ(-93%) IWD(-93%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.025% (StdDev 4.05%) |
Hourly BBV | 1.2 () |
Intraday Trend | 1.9% |
| |
|
|