| SPXL latest price $42.1300 (-1.7%) ($41.5500 - $44.5010) on Fri. Jun. 19, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.37% (three month average) |
RSI | 56 |
Latest Price | $42.1300(-1.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.1% a day on average for past five trading days. |
Weekly Trend | SPXL declines -1.4% 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(92%) IVE(90%) |
Factors Impacting SPXL price | SPXL will decline at least -3.685% in a week (0% probabilities). VIXM(-58%) UUP(-31%) VXX(-21%) TLT(-2%) 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 | -3.685% (StdDev 7.37%) |
Hourly BBV | -0.7 () |
Intraday Trend | -5.2% |
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