| SVXY latest price $32.5500 (-4.46%) ($32.1500 - $33.1200) on Wed. Apr. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.85% (three month average) |
RSI | 61 |
Latest Price | $32.5500(-4.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.5% a day on average for past five trading days. |
Weekly Trend | SVXY advances 3.7% 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 SVXY advance at 0% a week (0% probability) SPY(74%) DIA(71%) IVE(70%) IVW(70%) IWF(70%) |
Factors Impacting SVXY price | SVXY will decline at least -2.425% in a week (0% probabilities). VIXM(-71%) VXX(-29%) UUP(-19%) TLT(-9%) SHY(-5%) |
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 | -2.425% (StdDev 4.85%) |
Hourly BBV | -0.6 () |
Intraday Trend | -0.8% |
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