| SPXL latest price $70.6100 (1.74%) ($69.9300 - $70.7200) on Thu. Dec. 17, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.31% (three month average) |
RSI | 67 |
Latest Price | $70.6100(1.74%) |
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 1.3% a week on average for past two weeks. |
Market Behavior | Broad based rally 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(96%) DIA(94%) QQQ(93%) IVE(92%) |
Factors Impacting SPXL price | SPXL will decline at least -1.655% in a week (0% probabilities). VIXM(-56%) UUP(-30%) VXX(-18%) EDOC(-4%) TBT(-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 | -1.655% (StdDev 3.31%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.2% |
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