| SPXL latest price $123.2100 (2.26%) ($121.3500 - $123.3000) on Tue. Oct. 19, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.18% (three month average) |
RSI | 65 |
Latest Price | $123.2100(2.26%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 2.3% a day on average for past five trading days. |
Weekly Trend | SPXL advances 4.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(97%) IWF(97%) QQQ(95%) DIA(94%) IVE(94%) |
Factors Impacting SPXL price | SPXL will decline at least -1.09% in a week (0% probabilities). VIXM(-52%) UUP(-30%) VXX(-13%) TBT(-4%) IGOV(-4%) |
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 | -1.09% (StdDev 2.18%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1.1% |
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