| SPXL latest price $121.2000 (0.55%) ($120.7400 - $121.6200) on Tue. Aug. 24, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.71% (three month average) |
RSI | 68 |
Latest Price | $121.2000(0.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.5% a day on average for past five trading days. |
Weekly Trend | SPXL advances 0.5% a week on average for past two weeks. |
Market Behavior | Value 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(97%) DIA(94%) IVE(94%) QQQ(94%) |
Factors Impacting SPXL price | SPXL will decline at least -0.855% 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 | -0.855% (StdDev 1.71%) |
Hourly BBV | 0.8 () |
Intraday Trend | -0% |
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