| SPXL latest price $116.7100 (-0.27%) ($116.0300 - $117.2100) on Mon. Aug. 9, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.09% (three month average) |
RSI | 72 |
Latest Price | $116.7100(-0.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.6% 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 | Normal for large cap. Value 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%) IVE(94%) QQQ(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.045% in a week (0% probabilities). VIXM(-53%) UUP(-29%) VXX(-14%) TBT(-4%) TLT(3%) |
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 | -1.045% (StdDev 2.09%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.2% |
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