| SPXL latest price $36.8400 (7.72%) ($35.8500 - $37.4500) on Wed. Apr. 29, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 11.18% (three month average) |
RSI | 64 |
Latest Price | $36.8400(7.72%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 3% a day on average for past five trading days. |
Weekly Trend | SPXL advances 3.8% 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(96%) IWF(95%) DIA(93%) QQQ(91%) IVE(90%) |
Factors Impacting SPXL price | SPXL will decline at least -5.59% in a week (0% probabilities). VIXM(-60%) UUP(-31%) VXX(-23%) TLT(-4%) TBT(4%) |
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 | -5.59% (StdDev 11.18%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.6% |
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