| SPXL latest price $41.4600 (0.88%) ($40.9300 - $41.5000) on Fri. Nov. 3, 2017. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.26% (three month average) |
RSI | 66 |
Latest Price | $41.4600(0.88%) |
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 0.9% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(97%) IWF(96%) IVE(94%) IWD(94%) QQQ(92%) |
Factors Impacting SPXL price | SPXL will decline at least -0.63% in a week (0% probabilities). VIXM(-22%) TLT(-22%) UUP(-20%) IGOV(-4%) GDXJ(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.63% (StdDev 1.26%) |
Hourly BBV | 0 () |
Intraday Trend | 0.7% |
| |
|
|