| SVXY latest price $38.5200 (1.02%) ($38.5200 - $40.2500) on Mon. Nov. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.12% (three month average) |
RSI | 57 |
Latest Price | $38.5200(1.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 2.4% a day on average for past five trading days. |
Weekly Trend | SVXY advances 0.8% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value 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 -1.06% in a week (0% probabilities). VIXM(-65%) VXX(-24%) UUP(-17%) EDOC(-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 | -1.06% (StdDev 2.12%) |
Hourly BBV | 1.1 () |
Intraday Trend | -2.3% |
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