| SPXL latest price $52.0800 (-2.44%) ($51.6700 - $54.3000) on Tue. Aug. 11, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.92% (three month average) |
RSI | 59 |
Latest Price | $52.0800(-2.44%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.5% a day on average for past five trading days. |
Weekly Trend | SPXL advances 5.1% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Growth stock 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(91%) |
Factors Impacting SPXL price | SPXL will decline at least -1.96% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.96% (StdDev 3.92%) |
Hourly BBV | -0.8 () |
Intraday Trend | -3.6% |
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