| SPXL latest price $22.0600 (1.71%) ($21.2600 - $22.1100) on Wed. Jul. 6, 2016. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.52% (three month average) |
RSI | 55 |
Latest Price | $22.0600(1.71%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.9% a day on average for past five trading days. |
Weekly Trend | SPXL advances 0.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock 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%) QQQ(91%) |
Factors Impacting SPXL price | SPXL will decline at least -1.26% in a week (0% probabilities). VIXM(-25%) TLT(-22%) UUP(-18%) IPO(-8%) IGOV(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.26% (StdDev 2.52%) |
Hourly BBV | 0 () |
Intraday Trend | 2.7% |
| |
|
|