| SPXL latest price $82.5600 (3.03%) ($81.5100 - $83.9200) on Thu. Mar. 11, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.89% (three month average) |
RSI | 51 |
Latest Price | $82.5600(3.03%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 2.6% a day on average for past five trading days. |
Weekly Trend | SPXL declines -0.4% a week on average for past two weeks. |
Market Behavior | Growth stock 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(97%) IWF(96%) DIA(94%) QQQ(93%) IVE(92%) |
Factors Impacting SPXL price | SPXL will decline at least -1.445% in a week (0% probabilities). VIXM(-55%) UUP(-31%) VXX(-17%) IGOV(-5%) TBT(-4%) |
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 | -1.445% (StdDev 2.89%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.9% |
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