| SPXL latest price $41.1000 (1.41%) ($40.1000 - $41.3600) on Mon. Jun. 1, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 11.02% (three month average) |
RSI | 62 |
Latest Price | $41.1000(1.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 2% a day on average for past five trading days. |
Weekly Trend | SPXL advances 8.5% 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(95%) DIA(93%) QQQ(91%) IVE(90%) |
Factors Impacting SPXL price | SPXL will decline at least -5.51% in a week (0% probabilities). VIXM(-58%) 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 | -5.51% (StdDev 11.02%) |
Hourly BBV | 0.9 () |
Intraday Trend | 1.9% |
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