| SPXL latest price $61.1100 (-0.47%) ($59.3200 - $61.6900) on Tue. Nov. 10, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.76% (three month average) |
RSI | 58 |
Latest Price | $61.1100(-0.47%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 3% a day on average for past five trading days. |
Weekly Trend | SPXL advances 4.3% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based 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 -1.88% in a week (0% probabilities). VIXM(-56%) UUP(-30%) VXX(-19%) EDOC(-10%) TBT(-2%) |
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 | -1.88% (StdDev 3.76%) |
Hourly BBV | -0.2 () |
Intraday Trend | 0.4% |
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