| SVXY latest price $30.2500 (7.61%) ($28.2000 - $30.6700) on Mon. Mar. 23, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.65% (three month average) |
RSI | 28 |
Latest Price | $30.2500(7.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1.4% a day on average for past five trading days. |
Weekly Trend | SVXY declines -21.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(72%) IVW(70%) IWF(70%) IWM(70%) IWO(70%) |
Factors Impacting SVXY price | SVXY will decline at least -2.325% in a week (0% probabilities). VIXM(-73%) VXX(-32%) UUP(-11%) TLT(-9%) SHY(-6%) |
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 | -2.325% (StdDev 4.65%) |
Hourly BBV | 1.3 () |
Intraday Trend | 4.2% |
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