| SPXL latest price $69.7100 (-1.27%) ($68.5100 - $70.8600) on Fri. Dec. 18, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.28% (three month average) |
RSI | 69 |
Latest Price | $69.7100(-1.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.7% a day on average for past five trading days. |
Weekly Trend | SPXL advances 1.2% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off 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(96%) DIA(94%) QQQ(93%) IVE(92%) |
Factors Impacting SPXL price | SPXL will decline at least -1.64% 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 | -1.64% (StdDev 3.28%) |
Hourly BBV | -1.3 () |
Intraday Trend | -1.5% |
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