| SPXL latest price $43.2500 (1.55%) ($42.9800 - $44.7100) on Thu. Jul. 2, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.5% (three month average) |
RSI | 61 |
Latest Price | $43.2500(1.55%) |
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 -0.9% 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 -2.75% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.75% (StdDev 5.5%) |
Hourly BBV | 0.9 () |
Intraday Trend | -2% |
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