| SPXL latest price $40.1000 (-0.4%) ($39.7900 - $41.6300) on Thu. May. 28, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 11.19% (three month average) |
RSI | 65 |
Latest Price | $40.1000(-0.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.2% a day on average for past five trading days. |
Weekly Trend | SPXL advances 5.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(96%) IWF(95%) DIA(93%) QQQ(91%) IVE(90%) |
Factors Impacting SPXL price | SPXL will decline at least -5.595% in a week (0% probabilities). VIXM(-59%) UUP(-31%) VXX(-22%) TLT(-3%) TBT(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 | -5.595% (StdDev 11.19%) |
Hourly BBV | 1.1 () |
Intraday Trend | -1.6% |
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