Trading Signals: SPXL Stock Price Prediction and Forecast

^ SPXL: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Thu. Apr. 16, 2020

Trading Signals: SPXL Stock Price Prediction and Forecast (Fri. Jun. 29, 2012 - Fri. Dec. 22, 2023)

(Direxion Daily S&P500 Bull 3X ETF)
SPXL latest price $32.1800 (1.51%) ($31.0300 - $32.4700) on Thu. Apr. 16, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   11.05% (three month average)
RSI   59
Latest Price   $32.1800(1.51%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SPXL advances 1% a day on average for past five trading days.
Weekly Trend   SPXL advances 13% a week on average for past two weeks.
Market Behavior   Normal for large cap. Normal for small cap.
Correlated ETFs   Broad market will support SPXL advance at 0% a week (0% probability)
IVW(96%)    IWF(94%)    DIA(93%)    IVE(91%)    QQQ(91%)
Factors Impacting SPXL price   SPXL will decline at least -5.525% in a week (0% probabilities).
VIXM(-60%)    UUP(-31%)    VXX(-23%)    TLT(-5%)    IGOV(4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -5.525% (StdDev 11.05%)
Hourly BBV -0.2 ()
Intraday Trend 0%

Inflection Point   Yes
5 Day Moving Average   $32.17(0.03%)
10 Day Moving Average   $29.62(8.64%)
20 Day Moving Average   $26.59(21.02%)
To recent high   -57.6%
To recent low   83.4%
Market Cap   $N/A

Average daily price decay: -0.12%

$. SPXL is a 3x leveraged ETF. You'll lose 0.12% a day on average for holding it.$. SPXL price fluctuates within 16.89% (three month std-dev: 11.05%) daily (68% of days).

Sample size 3 Average positive next day return: 4.18%(67%) Average negative next day return: -1.33%(33%) Sample size 3 Average positive next three day return: 6.1%(33%) Average negative next three day return: -3.33%(67%) Sample size 3 Average positive next weekly return: 0.05%(33%) Average negative next weekly return: -5.54%(67%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200516

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Apr_16_2020	54.69	26.59	29.62	32.17	31.9	31.72	32.18(1.51%)	UD	OpenLong	65	0	16	-60	-2	70	32.86	44%	-0.56	39.5	11.05%	-0.2	1.2	59	1.1
2	Apr_15_2020	55	26.08	28.69	31.85	31.99	32.59	31.7(-6.43%)	UD	OpenLong	75	-0	24	140	8	72	27.7	44%	-0.56	21.5	11.06%	-0	1.3	66	1.1
3	Apr_14_2020	55.31	25.77	28.11	31.07	31.54	32.08	33.88(8.97%)	UT	OpenLong	75	0.7	29	170	13	75	30.51	44%	-0.5	-2.5	11.03%	1.4	2	70	1.5
4	Apr_13_2020	55.59	25.17	27.39	29.85	30.46	31.39	31.09(-2.78%)	UD	OpenLong	75	0.3	33	280	15	85	34.98	44%	-0.59	-29.5	10.97%	-0	1.6	75	1.2
5	Apr_9_2020	55.92	25.24	26.74	28.25	29.54	30.99	31.98(4.48%)	UT	OpenLong	75	0.9	39	480	24	83	44.76	45%	-0.5	-53.8	10.88%	1	1.7	71	0.9

6	Apr_8_2020	56.2	24.93	26.21	26.68	27.27	29.52	30.61(10.19%)	UT	OpenLong	75	0.9	36	640	23	76	38.36	45%	-0.55	-74.8	10.87%	1.3	1.3	64	0.9
7	Apr_7_2020	56.51	25.18	25.45	25.08	25.71	28.09	27.78(-0.04%)	UD	OpenLong	75	0.5	30	720	21	58	47.54	45%	-0.58	-74.3	10.78%	0.6	0.4	61	0.8
8	Apr_6_2020	56.84	25.88	24.92	24.73	24.15	25.01	27.79(20.25%)	UT	OpenLong	75	0.5	17	180	9	42	38.68	45%	-0.59	-73.8	10.78%	1.7	0.3	54	0.8
9	Apr_3_2020	57.18	26.32	23.93	24.63	24.12	23.32	23.11(-4.19%)	UD	OpenLong	65	-0.2	3	-290	-5	26	40.31	41%	-0.64	-66.3	10.45%	-0.6	-0.4	55	0.1
10	Apr_2_2020	57.55	27.55	23.59	24.99	25.02	23.29	24.12(6.77%)	DP	OpenShort	-75	-0.1	-12	-480	-14	-5	41.42	42%	-0.62	-56.9	10.44%	-0.3	-0.4	44	-0.1

11	Apr_1_2020	57.91	28.85	23.39	25.65	25.47	24.92	22.59(-13.28%)	DT	OpenShort	-75	-0.3	-11	-170	-12	-6	37.9	42%	-0.63	-47.6	10.41%	-1.7	-0.6	51	-0.4
12	Mar_31_2020	58.28	30.52	23.37	25.78	26.31	26.74	26.05(-4.54%)	N/A	N/A	0	0	1	180	11	-28	42.87	43%	-0.56	-45.7	10.38%	-0.2	-0.4	46	-0.1
13	Mar_30_2020	58.61	31.72	23.32	25.06	25.57	26.01	27.29(9.6%)	DP	OpenShort	-65	0.2	-1	180	21	-66	32.83	43%	-0.54	-45.7	10.37%	1.7	-0.3	43	-0.3
14	Mar_27_2020	58.93	33.09	22.8	23.11	24.28	25.87	24.9(-9.16%)	DP	OpenShort	-65	0.1	-14	610	19	-114	42.05	43%	-0.59	-49.6	10.28%	0.7	-0.6	46	-0.6
15	Mar_26_2020	59.28	34.35	23.58	21.96	22.39	25.13	27.41(17.79%)	DP	OpenShort	-65	0.4	-16	920	26	-141	48	43%	-0.52	-55.5	10.23%	1.5	-0.5	42	-0.3

16	Mar_25_2020	59.59	35.48	23.44	20.88	21.07	22.68	23.27(3.74%)	DP	OpenShort	-65	0.2	-33	560	19	-189	55.67	40%	-0.58	-59.3	9.95%	1.5	-0.9	37	-0.7
17	Mar_24_2020	59.94	37.21	24.74	20.67	20.68	19.64	22.43(27.81%)	DP	OpenShort	-75	0.1	-58	-350	-6	-214	50.6	40%	-0.61	-62.3	10.01%	1.1	-1	35	-0.6
18	Mar_23_2020	60.31	39.04	26.74	21.42	20.61	19.46	17.55(-8.21%)	DT	OpenShort	-75	-0.3	-79	-500	-27	-234	57.68	35%	-0.68	-63.2	9.29%	-1.5	-1.4	32	-0.8
19	Mar_20_2020	60.72	41.42	28.81	22.42	22.36	21.72	19.12(-13.17%)	DT	OpenShort	-75	-0.2	-82	-210	-29	-239	39.64	35%	-0.61	-63.4	9.25%	-1.7	-1.4	32	-1.5
20	Mar_19_2020	61.09	44.07	31.79	25.4	23.36	21.75	22.02(-0.99%)	DT	OpenShort	-75	-0.2	-69	-720	-21	-212	50.12	37%	-0.57	-60.9	9.14%	0	-1.4	38	-1.7

21	Mar_18_2020	61.44	46.69	34.75	26.36	25.32	22.99	22.24(-15.08%)	DT	OpenShort	-75	-0.3	-81	-760	-40	-204	53.32	37%	-0.57	-60.5	9.14%	-1.2	-1.5	38	-2.4
22	Mar_17_2020	61.79	49.37	38.27	29.43	27.27	24.96	26.19(16.35%)	DP	OpenShort	-75	-0.2	-84	-810	-50	-185	40.84	38%	-0.48	-58.9	8.97%	-0.4	-1.5	37	-2.2
23	Mar_16_2020	62.09	51.81	40.85	32.99	30.69	27.65	22.51(-33.87%)	DT	OpenShort	-75	-0.7	-76	-900	-45	-170	41.55	35%	-0.53	-58	8.68%	-1.9	-1.9	32	-2.7
24	Mar_13_2020	62.42	54.51	44.33	36.12	34.67	29.58	34.04(26.97%)	DP	OpenShort	-75	-0.1	-88	-1150	-58	-178	31.47	40%	-0.34	-57.7	7.61%	-0.4	-1.4	36	-1.9
25	Mar_12_2020	62.63	56.58	46.09	39.25	37.15	33.73	26.81(-28.68%)	DT	HoldShort	-65	-0.9	-130	-800	-101	-215	33.58	33%		-54.6	6.72%	-1.5	-2.1	24	-2.6
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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