| SPXL latest price $138.8100 (1.2%) ($136.9100 - $139.9100) on Tue. Nov. 16, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.13% (three month average) |
RSI | 81 |
Latest Price | $138.8100(1.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.2% a day on average for past five trading days. |
Weekly Trend | SPXL advances 2.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(97%) IWF(97%) DIA(95%) QQQ(95%) IVE(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.065% in a week (0% probabilities). VIXM(-52%) UUP(-30%) VXX(-13%) IGOV(-5%) TBT(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.065% (StdDev 2.13%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.3% |
| |
|
|