| SPXL latest price $76.3800 (1.7%) ($73.9700 - $76.5400) on Fri. Jan. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.91% (three month average) |
RSI | 65 |
Latest Price | $76.3800(1.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.1% a day on average for past five trading days. |
Weekly Trend | SPXL advances 2.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth 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 -1.455% in a week (0% probabilities). VIXM(-56%) UUP(-30%) VXX(-18%) TBT(-3%) IGOV(-1%) |
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 | -1.455% (StdDev 2.91%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.4% |
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