| SPXL latest price $43.8600 (-3.05%) ($43.7200 - $45.4700) on Tue. Jul. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.98% (three month average) |
RSI | 51 |
Latest Price | $43.8600(-3.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.8% a day on average for past five trading days. |
Weekly Trend | SPXL advances 1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(92%) IVE(90%) |
Factors Impacting SPXL price | SPXL will decline at least -2.49% in a week (0% probabilities). VIXM(-56%) UUP(-31%) VXX(-20%) TLT(-0%) 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 | -2.49% (StdDev 4.98%) |
Hourly BBV | -0.6 () |
Intraday Trend | -1.6% |
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