| SPXL latest price $53.3800 (0.96%) ($52.1500 - $53.4700) on Mon. Aug. 10, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.9% (three month average) |
RSI | 66 |
Latest Price | $53.3800(0.96%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.2% a day on average for past five trading days. |
Weekly Trend | SPXL advances 4.6% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value 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(91%) |
Factors Impacting SPXL price | SPXL will decline at least -1.95% in a week (0% probabilities). VIXM(-55%) UUP(-31%) VXX(-19%) EDOC(-4%) TBT(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.95% (StdDev 3.9%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.5% |
| |
|
|