| SPXL latest price $49.2100 (2.41%) ($46.9100 - $49.2500) on Fri. Jul. 31, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4% (three month average) |
RSI | 70 |
Latest Price | $49.2100(2.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1% a day on average for past five trading days. |
Weekly Trend | SPXL advances 1.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based 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% in a week (0% probabilities). VIXM(-56%) UUP(-30%) VXX(-19%) IGOV(-3%) TBT(-1%) |
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% (StdDev 4%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.5% |
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