| SPXL latest price $110.0800 (-0.63%) ($107.8900 - $110.9600) on Tue. Jul. 6, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2% (three month average) |
RSI | 65 |
Latest Price | $110.0800(-0.63%) |
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 3.7% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Broad based 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%) IVE(94%) QQQ(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1% in a week (0% probabilities). VIXM(-53%) UUP(-29%) VXX(-15%) TBT(-3%) IGOV(0%) |
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% (StdDev 2%) |
Hourly BBV | 0.9 () |
Intraday Trend | -0.6% |
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