| SPXS latest price $16.4200 (3.99%) ($15.8750 - $16.5980) on Tue. Oct. 3, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.05% (three month average) |
RSI | 78 |
Latest Price | $16.4200(3.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXS advances 0.6% a day on average for past five trading days. |
Weekly Trend | SPXS advances 6.1% 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(69%) VIXM(65%) UUP(34%) TBT(31%) EDOC(15%) |
Factors Impacting SPXS price | SPXS will decline at least -1.025% in a week (0% probabilities). IVE(-97%) VT(-95%) VUG(-94%) QQQ(-94%) IWF(-94%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.025% (StdDev 2.05%) |
Hourly BBV | 1.6 () |
Intraday Trend | 2.2% |
| |
|
|