| SPXL latest price $113.2800 (-0.54%) ($112.7200 - $114.8300) on Fri. Oct. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.18% (three month average) |
RSI | 46 |
Latest Price | $113.2800(-0.54%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.5% a day on average for past five trading days. |
Weekly Trend | SPXL declines -1.4% 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%) IVE(94%) QQQ(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.09% in a week (0% probabilities). VIXM(-52%) UUP(-29%) VXX(-13%) TBT(-4%) IGOV(-4%) |
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 | -1.09% (StdDev 2.18%) |
Hourly BBV | 0.2 () |
Intraday Trend | -1.1% |
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