| SPXL latest price $118.1300 (-2.02%) ($115.5700 - $118.9000) on Tue. Aug. 17, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.72% (three month average) |
RSI | 62 |
Latest Price | $118.1300(-2.02%) |
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 2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(97%) IWF(97%) DIA(94%) IVE(94%) QQQ(94%) |
Factors Impacting SPXL price | SPXL will decline at least -0.86% in a week (0% probabilities). VIXM(-53%) UUP(-29%) VXX(-14%) TBT(-4%) TLT(3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.86% (StdDev 1.72%) |
Hourly BBV | -0.8 () |
Intraday Trend | -0.2% |
| |
|
|