| SPXL latest price $101.3600 (-1.71%) ($99.7600 - $103.3700) on Wed. Jun. 16, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.14% (three month average) |
RSI | 61 |
Latest Price | $101.3600(-1.71%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.1% a day on average for past five trading days. |
Weekly Trend | SPXL advances 1.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal 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 -1.07% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.07% (StdDev 2.14%) |
Hourly BBV | -1.2 () |
Intraday Trend | -1.8% |
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