| SPXL latest price $49.4300 (1.67%) ($48.4200 - $49.6100) on Wed. Jul. 22, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.23% (three month average) |
RSI | 73 |
Latest Price | $49.4300(1.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.9% a day on average for past five trading days. |
Weekly Trend | SPXL advances 4.7% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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 -2.115% in a week (0% probabilities). VIXM(-56%) UUP(-30%) VXX(-20%) TBT(-1%) TLT(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.115% (StdDev 4.23%) |
Hourly BBV | 0.8 () |
Intraday Trend | 2% |
| |
|
|