| SPXL latest price $66.0800 (0.78%) ($64.9900 - $66.2200) on Tue. Dec. 31, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.66% (three month average) |
RSI | 86 |
Latest Price | $66.0800(0.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.1% 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. Normal 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 -0.83% in a week (0% probabilities). VIXM(-65%) VXX(-28%) TLT(-19%) UUP(-13%) IGOV(-2%) |
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 | -0.83% (StdDev 1.66%) |
Hourly BBV | -0.3 () |
Intraday Trend | 1.3% |
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