| SPXL latest price $69.4000 (0.49%) ($68.6900 - $69.9800) on Wed. Dec. 16, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.33% (three month average) |
RSI | 66 |
Latest Price | $69.4000(0.49%) |
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 1.1% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(96%) IWF(96%) DIA(94%) QQQ(93%) IVE(92%) |
Factors Impacting SPXL price | SPXL will decline at least -1.665% in a week (0% probabilities). VIXM(-56%) UUP(-30%) VXX(-18%) TBT(-3%) IGOV(-3%) |
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 | -1.665% (StdDev 3.33%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0.2% |
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