| SPXL latest price $48.0500 (-1.07%) ($46.1500 - $48.2750) on Thu. Jul. 30, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.13% (three month average) |
RSI | 61 |
Latest Price | $48.0500(-1.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 0.2% a day on average for past five trading days. |
Weekly Trend | SPXL advances 1.6% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off 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 -2.065% in a week (0% probabilities). VIXM(-56%) UUP(-30%) VXX(-19%) TBT(-1%) TLT(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.065% (StdDev 4.13%) |
Hourly BBV | 0.7 () |
Intraday Trend | 1.9% |
| |
|
|