| SVXY latest price $36.3500 (1.65%) ($36.0100 - $36.4700) on Mon. Aug. 17, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.73% (three month average) |
RSI | 77 |
Latest Price | $36.3500(1.65%) |
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 2.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(73%) DIA(70%) IVE(69%) IVW(69%) IWD(69%) |
Factors Impacting SVXY price | SVXY will decline at least -1.365% in a week (0% probabilities). VIXM(-66%) VXX(-25%) UUP(-18%) EDOC(-6%) SHY(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.365% (StdDev 2.73%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.6% |
| |
|
|