| SPXL latest price $47.9200 (3.3%) ($45.9100 - $48.1700) on Thu. Mar. 21, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.2% (three month average) |
RSI | 60 |
Latest Price | $47.9200(3.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1% a day on average for past five trading days. |
Weekly Trend | SPXL advances 3% 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%) DIA(96%) IWF(96%) IVE(94%) IWD(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.6% in a week (0% probabilities). VXX(-23%) UUP(-22%) TLT(-21%) VIXM(-12%) IFRA(-9%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.6% (StdDev 3.2%) |
Hourly BBV | 0 () |
Intraday Trend | 4.3% |
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