| SPXL latest price $52.8700 (0.19%) ($51.8310 - $52.9800) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.94% (three month average) |
RSI | 66 |
Latest Price | $52.8700(0.19%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.4% a day on average for past five trading days. |
Weekly Trend | SPXL advances 3.9% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value 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(92%) IVE(90%) |
Factors Impacting SPXL price | SPXL will decline at least -1.97% in a week (0% probabilities). VIXM(-55%) 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 | -1.97% (StdDev 3.94%) |
Hourly BBV | 1.2 () |
Intraday Trend | 1.1% |
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