| SPXL latest price $20.3300 (0.79%) ($20.0700 - $20.3400) on Fri. Aug. 29, 2014. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.52% (three month average) |
RSI | 91 |
Latest Price | $20.3300(0.79%) |
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 4.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) QQQ(92%) VT(92%) XLK(88%) IWM(87%) XLY(85%) |
Factors Impacting SPXL price | SPXL will decline at least -0.76% in a week (0% probabilities). VIXM(-35%) TLT(-25%) UUP(-12%) IGOV(-7%) SHY(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.76% (StdDev 1.52%) |
Hourly BBV | 0 () |
Intraday Trend | 0.3% |
| |
|
|