| SPXL latest price $34.8500 (2.47%) ($34.3400 - $34.9600) on Wed. Jun. 28, 2017. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.3% (three month average) |
RSI | 53 |
Latest Price | $34.8500(2.47%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.1% a day on average for past five trading days. |
Weekly Trend | SPXL declines -0.1% a week on average for past two weeks. |
Market Behavior | Broad based rally 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%) QQQ(92%) |
Factors Impacting SPXL price | SPXL will decline at least -0.65% in a week (0% probabilities). VIXM(-23%) TLT(-22%) UUP(-19%) IGOV(-4%) GDXJ(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.65% (StdDev 1.3%) |
Hourly BBV | 0 () |
Intraday Trend | 1.2% |
| |
|
|