| SVXY latest price $33.6300 (2.37%) ($32.9700 - $33.8700) on Mon. Jul. 20, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.15% (three month average) |
RSI | 69 |
Latest Price | $33.6300(2.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1.9% a day on average for past five trading days. |
Weekly Trend | SVXY advances 1.3% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth 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(73%) DIA(70%) IVW(69%) IWF(69%) IVE(68%) |
Factors Impacting SVXY price | SVXY will decline at least -1.575% in a week (0% probabilities). VIXM(-67%) VXX(-26%) UUP(-18%) SHY(-5%) TLT(-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 | -1.575% (StdDev 3.15%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1.7% |
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