| SPXL latest price $49.6400 (-0.08%) ($49.1000 - $50.5300) on Fri. Aug. 30, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.93% (three month average) |
RSI | 55 |
Latest Price | $49.6400(-0.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.6% a day on average for past five trading days. |
Weekly Trend | SPXL advances 0.7% 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) IVW(97%) DIA(96%) IWF(96%) IVE(94%) IWD(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.465% in a week (0% probabilities). VIXM(-65%) VXX(-29%) TLT(-20%) UUP(-12%) IGOV(-3%) |
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 | -1.465% (StdDev 2.93%) |
Hourly BBV | 0 () |
Intraday Trend | -1.7% |
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