| SPXL latest price $54.1700 (4.01%) ($53.2890 - $54.6100) on Wed. Aug. 12, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.86% (three month average) |
RSI | 73 |
Latest Price | $54.1700(4.01%) |
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 5.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth 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 -1.93% 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 | -1.93% (StdDev 3.86%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.6% |
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