| SPXL latest price $48.3100 (2.5%) ($46.7200 - $48.6600) on Mon. Jul. 20, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.46% (three month average) |
RSI | 77 |
Latest Price | $48.3100(2.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.7% a day on average for past five trading days. |
Weekly Trend | SPXL advances 5.2% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off 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 -2.23% in a week (0% probabilities). VIXM(-56%) UUP(-30%) 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 | -2.23% (StdDev 4.46%) |
Hourly BBV | 2.2 () |
Intraday Trend | 2.6% |
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