| SPXL latest price $49.8100 (3.6%) ($49.4000 - $50.2200) on Mon. Aug. 19, 2019. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 2.79% (three month average) |
| RSI | 40 |
| Latest Price | $49.8100(3.6%) |
| Stocks Behave Similarly | Similar Stock List |
| Daily Trend | SPXL advances 0.8% a day on average for past five trading days. |
| Weekly Trend | SPXL declines -3.2% 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 -1.395% in a week (0% probabilities).
VIXM(-66%) VXX(-29%) TLT(-21%) UUP(-12%) IFRA(-12%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -1.395% (StdDev 2.79%) |
| Hourly BBV | 0 () |
| Intraday Trend | 0% |
| | |
| |
|