| SPXL latest price $22.1600 (-0.54%) ($22.0000 - $22.4700) on Mon. Nov. 23, 2015. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.84% (three month average) |
RSI | 42 |
Latest Price | $22.1600(-0.54%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.9% a day on average for past five trading days. |
Weekly Trend | SPXL declines -1.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(97%) IWF(96%) IVE(94%) IWD(94%) VT(92%) |
Factors Impacting SPXL price | SPXL will decline at least -1.92% in a week (0% probabilities). VIXM(-29%) TLT(-23%) UUP(-16%) SHY(-5%) IGOV(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.92% (StdDev 3.84%) |
Hourly BBV | 0 () |
Intraday Trend | -0.5% |
| |
|
|