| SPXL latest price $103.1200 (-0.58%) ($102.4600 - $103.8400) on Tue. Jun. 15, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.12% (three month average) |
RSI | 73 |
Latest Price | $103.1200(-0.58%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.3% a day on average for past five trading days. |
Weekly Trend | SPXL advances 1.6% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(97%) IWF(97%) DIA(94%) QQQ(94%) IVE(93%) |
Factors Impacting SPXL price | SPXL will decline at least -1.06% in a week (0% probabilities). VIXM(-54%) UUP(-29%) VXX(-15%) TBT(-2%) TLT(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.06% (StdDev 2.12%) |
Hourly BBV | 1.4 () |
Intraday Trend | -0.7% |
| |
|
|