| SPXL latest price $119.3900 (2.27%) ($117.9700 - $119.7100) on Fri. Oct. 15, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.26% (three month average) |
RSI | 50 |
Latest Price | $119.3900(2.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.1% a day on average for past five trading days. |
Weekly Trend | SPXL advances 1.2% a week on average for past two weeks. |
Market Behavior | Broad based rally 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%) QQQ(95%) DIA(94%) IVE(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.13% 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 | -1.13% (StdDev 2.26%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0.7% |
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