| SPXL latest price $47.1300 (0.77%) ($46.3300 - $47.5520) on Fri. Jul. 17, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.52% (three month average) |
RSI | 79 |
Latest Price | $47.1300(0.77%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.7% a day on average for past five trading days. |
Weekly Trend | SPXL advances 5.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock 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(92%) IVE(90%) |
Factors Impacting SPXL price | SPXL will decline at least -2.26% in a week (0% probabilities). VIXM(-56%) UUP(-31%) VXX(-20%) TBT(-1%) TLT(0%) |
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 | -2.26% (StdDev 4.52%) |
Hourly BBV | 1.5 () |
Intraday Trend | -0.3% |
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