| SVXY latest price $36.0700 (-1.12%) ($35.8800 - $36.6100) on Mon. Jun. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.62% (three month average) |
RSI | 63 |
Latest Price | $36.0700(-1.12%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1.1% a day on average for past five trading days. |
Weekly Trend | SVXY advances 2.9% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally 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%) IWD(70%) |
Factors Impacting SVXY price | SVXY will decline at least -2.31% in a week (0% probabilities). VIXM(-69%) VXX(-28%) UUP(-19%) TLT(-6%) 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 | -2.31% (StdDev 4.62%) |
Hourly BBV | -0.2 () |
Intraday Trend | -1.2% |
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