| SPXL latest price $59.1500 (2.99%) ($57.4700 - $59.3150) on Wed. Aug. 26, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.51% (three month average) |
RSI | 78 |
Latest Price | $59.1500(2.99%) |
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 3.4% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Value 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 -1.755% 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 | -1.755% (StdDev 3.51%) |
Hourly BBV | 1.9 () |
Intraday Trend | 2.4% |
| |
|
|