| SPXS latest price $60.8000 (9.95%) ($57.9000 - $61.2000) on Wed. Oct. 28, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.53% (three month average) |
RSI | 67 |
Latest Price | $60.8000(9.95%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXS advances 2.8% a day on average for past five trading days. |
Weekly Trend | SPXS advances 4.1% 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 SPXS advance at 0% a week (0% probability) VIXM(56%) UUP(30%) VXX(19%) EDOC(9%) TBT(2%) |
Factors Impacting SPXS price | SPXS will decline at least -1.765% in a week (0% probabilities). IVW(-96%) IWF(-95%) DIA(-93%) QQQ(-92%) IWD(-91%) |
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 | -1.765% (StdDev 3.53%) |
Hourly BBV | 1.5 () |
Intraday Trend | 4.3% |
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