| SPXL latest price $27.2900 (9.6%) ($24.9700 - $27.5600) on Mon. Mar. 30, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 10.37% (three month average) |
RSI | 43 |
Latest Price | $27.2900(9.6%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 8.4% a day on average for past five trading days. |
Weekly Trend | SPXL declines -12.8% 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(96%) IWF(95%) DIA(94%) IVE(92%) IWD(92%) |
Factors Impacting SPXL price | SPXL will decline at least -5.185% in a week (0% probabilities). VIXM(-59%) UUP(-31%) VXX(-23%) TLT(-8%) SHY(5%) |
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 | -5.185% (StdDev 10.37%) |
Hourly BBV | 1.7 () |
Intraday Trend | 6.7% |
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