| SPXL latest price $75.8300 (1.51%) ($75.2700 - $76.3300) on Wed. Feb. 19, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.82% (three month average) |
RSI | 68 |
Latest Price | $75.8300(1.51%) |
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 5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally 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 -0.91% in a week (0% probabilities). VIXM(-64%) VXX(-28%) TLT(-19%) UUP(-13%) IGOV(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.91% (StdDev 1.82%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0.4% |
| |
|
|