| SVXY latest price $39.5700 (1.12%) ($39.1800 - $39.9500) on Wed. Nov. 11, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.1% (three month average) |
RSI | 56 |
Latest Price | $39.5700(1.12%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1.6% a day on average for past five trading days. |
Weekly Trend | SVXY advances 4.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth 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 -1.05% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.05% (StdDev 2.1%) |
Hourly BBV | 0 () |
Intraday Trend | 0.3% |
| |
|
|