| SPXL latest price $42.9400 (1.92%) ($41.3600 - $43.1200) on Mon. Jun. 22, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.14% (three month average) |
RSI | 55 |
Latest Price | $42.9400(1.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.9% a day on average for past five trading days. |
Weekly Trend | SPXL declines -2.4% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally 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 -3.57% in a week (0% probabilities). VIXM(-57%) UUP(-31%) VXX(-20%) TLT(-1%) TBT(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.57% (StdDev 7.14%) |
Hourly BBV | 0 () |
Intraday Trend | 2.6% |
| |
|
|