Trading Signals: SPXS Stock Price Prediction and Forecast

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Wed. Aug. 16, 2023

Trading Signals: SPXS Stock Price Prediction and Forecast (Mon. Jan. 11, 2016 - Fri. Dec. 22, 2023)

(Direxion Daily S&P 500 Bear 3X ETF)
SPXS latest price $14.5700 (2.32%) ($14.1400 - $14.5900) on Wed. Aug. 16, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.98% (three month average)
RSI   68
Latest Price   $14.5700(2.32%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SPXS advances 0.9% a day on average for past five trading days.
Weekly Trend   SPXS advances 3.7% 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)
VXX(74%)    VIXM(68%)    UUP(33%)    TBT(31%)    USO(2%)
Factors Impacting SPXS price   SPXS will decline at least -0.99% in a week (0% probabilities).
IVW(-99%)    IVE(-96%)    VT(-95%)    IWF(-95%)    VUG(-94%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.99% (StdDev 1.98%)
Hourly BBV 2.1 ()
Intraday Trend 1.9%

5 Day Moving Average   $14.1(3.33%)
10 Day Moving Average   $13.92(4.67%)
20 Day Moving Average   $13.54(7.61%)
To recent high   -18.2%
To recent low   13.4%
Market Cap   $N/A

Average daily price decay: -0%

$. SPXS is a 3x leveraged ETF. You'll lose 0% a day on average for holding it.$. SPXS price fluctuates within 3.47% (three month std-dev: 1.98%) daily (68% of days).

Sample size 50 Average positive next day return: 1.68%(56%) Average negative next day return: -1.41%(44%) Sample size 50 Average positive next three day return: 2.98%(48%) Average negative next three day return: -2.36%(52%) Sample size 50 Average positive next weekly return: 3.88%(46%) Average negative next weekly return: -3.58%(54%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230916

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Aug_16_2023	15.71	13.54	13.92	14.1	14.13	14.25	14.57(2.32%)	UT	OpenLong	75	1	43	70	17	119	21	39%	-0.38	47.8	1.98%	2.1	2.2	68	-1
2	Aug_15_2023	15.77	13.46	13.81	13.98	13.97	14.02	14.24(3.41%)	UT	OpenLong	75	0.6	36	20	10	114	19.79	36%	-0.32	38.4	1.97%	1.8	1.9	69	-0.8
3	Aug_14_2023	15.82	13.4	13.69	13.86	13.9	14	13.77(-1.57%)	UD	OpenLong	75	-0.3	31	60	7	102	19.65	32%	-0.38	21.9	1.92%	-0.4	1	64	0.9
4	Aug_11_2023	15.88	13.37	13.6	13.8	13.85	13.93	13.99(0.36%)	UT	OpenLong	75	0.5	28	50	7	92	23.91	32%	-0.38	4.8	1.91%	0.7	1.7	66	0.2
5	Aug_10_2023	15.94	13.34	13.5	13.77	13.74	13.8	13.94(-0.07%)	UD	OpenLong	75	0.5	25	20	6	82	25.97	32%	-0.44	-10.5	1.92%	0.9	1.8	61	-0.6

6	Aug_9_2023	16.01	13.32	13.43	13.71	13.69	13.78	13.95(2.12%)	UT	OpenLong	75	0.8	27	40	10	77	19.9	32%	-0.31	-29.6	1.92%	0.3	2	61	-0.6
7	Aug_8_2023	16.06	13.3	13.33	13.62	13.65	13.67	13.66(1.34%)	UT	OpenLong	75	0.1	28	20	14	69	21.32	29%	-0.43	-39.1	1.91%	0.1	1.1	62	-0.7
8	Aug_7_2023	16.13	13.32	13.26	13.48	13.56	13.61	13.48(-2.6%)	UD	OpenLong	75	0	21	40	11	49	18.29	29%	-0.43	-41.3	1.89%	-0.3	0.4	58	-0.6
9	Aug_4_2023	16.2	13.36	13.23	13.36	13.41	13.64	13.84(1.54%)	UT	OpenLong	75	1	23	130	20	30	27.98	27%	-0.43	-39	1.98%	2.5	1	57	-1.6
10	Aug_3_2023	16.27	13.38	13.16	13.17	13.22	13.51	13.63(1.04%)	N/A	N/A	0	0.9	12	160	16	0	24.63	27%	-0.49	-47.3	1.99%	0.9	0.5	51	-0.7

11	Aug_2_2023	16.35	13.41	13.12	13.1	13.05	13.17	13.49(4.01%)	N/A	N/A	0	0.8	7	50	14	-14	29.28	32%	-0.43	-51.8	2.01%	1.7	0.2	49	-0.7
12	Aug_1_2023	16.42	13.43	13.07	13.01	12.96	13.17	12.97(0.93%)	DP	OpenShort	-75	-0.1	-13	-30	-1	-48	13.6	26%	-0.55	-61.8	1.98%	0.1	-0.9	31	1.2
13	Jul_31_2023	16.51	13.48	13.08	13.02	12.98	12.92	12.85(-0.54%)	DT	HoldShort	-65	-0.3	-22	-40	-6	-70	17.42	26%	-0.6	-71.8	1.99%	0.3	-1.2	23	1.5
14	Jul_28_2023	16.61	13.54	13.13	13.07	13.02	12.99	12.92(-2.71%)	DT	HoldShort	-65	-0.3	-27	-30	-7	-85	19.58	26%	-0.48	-81	1.99%	-0.5	-1.2	21	1.3
15	Jul_27_2023	16.69	13.62	13.19	13.07	13.07	13.03	13.28(2.08%)	DP	OpenShort	-75	0.3	-25	-40	-1	-95	25.05	25%	-0.36	-76.2	1.99%	2.1	-0.7	23	0.5

16	Jul_26_2023	16.75	13.68	13.2	13.07	13.11	13.05	13.01(-0.08%)	DT	HoldShort	-65	-0.2	-29	-40	-2	-110	20.13	22%	-0.42	-73.9	2.07%	0.4	-1.2	19	1.9
17	Jul_25_2023	16.82	13.76	13.28	13.14	13.14	13.1	13.02(-0.69%)	DT	OpenShort	-75	-0.2	-30	-20	-2	-115	16.61	28%	-0.36	-73.2	2.09%	-1.6	-1.3	32	1.2
18	Jul_24_2023	16.88	13.87	13.38	13.15	13.13	13.17	13.11(-1.28%)	DT	OpenShort	-75	-0.1	-30	20	-4	-108	15.42	28%	-0.41	-62.5	2.19%	-0.6	-1.2	35	1.6
19	Jul_21_2023	16.95	13.96	13.5	13.2	13.15	13.19	13.28(0.08%)	DP	OpenShort	-75	0.1	-25	10	-1	-96	15.75	28%	-0.35	-55.6	2.19%	1.3	-1.1	36	1.1
20	Jul_20_2023	17.01	14.02	13.61	13.24	13.21	13.09	13.27(2%)	DP	OpenShort	-75	0	-27	-70	-4	-94	40.84	28%	-0.47	-57	2.19%	1.8	-1.2	29	1.4

21	Jul_19_2023	17.09	14.1	13.72	13.28	13.27	13.11	13.01(-0.54%)	DT	HoldShort	-65	-0.4	-39	-90	-18	-101	22.5	28%	-0.41	-59.9	2.18%	-1.1	-1.8	22	1.5
22	Jul_18_2023	17.16	14.18	13.83	13.44	13.41	13.33	13.08(-2.17%)	DT	HoldShort	-65	-0.7	-38	-50	-18	-97	19.28	28%	-0.41	-65.7	2.18%	-2.2	-2	22	1.9
23	Jul_17_2023	17.23	14.26	13.92	13.64	13.54	13.43	13.37(-0.89%)	DT	HoldShort	-65	-0.5	-37	-80	-17	-98	13	28%	-0.4	-72.4	2.17%	-1.7	-1.8	20	1.4
24	Jul_14_2023	17.3	14.31	13.99	13.84	13.74	13.49	13.49(0.15%)	DP	OpenShort	-75	-0.8	-39	-150	-20	-96	21.4	28%	-0.35	-84.7	2.17%	-0.3	-1.8	27	1.2
25	Jul_13_2023	17.36	14.38	14.09	14.04	13.99	13.64	13.47(-2.18%)	DT	OpenShort	-75	-1.4	-37	-190	-23	-79	23.78	27%		-90.2	2.18%	-1.3	-2.2	35	1
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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