| SPXL latest price $125.2000 (-0.44%) ($123.5200 - $126.5200) on Fri. Oct. 22, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.11% (three month average) |
RSI | 84 |
Latest Price | $125.2000(-0.44%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1% a day on average for past five trading days. |
Weekly Trend | SPXL advances 6% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Growth stock sell-off 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 -1.055% in a week (0% probabilities). VIXM(-52%) UUP(-29%) VXX(-13%) IGOV(-5%) TBT(-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 | -1.055% (StdDev 2.11%) |
Hourly BBV | 0.6 () |
Intraday Trend | -0.1% |
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