| SVXY latest price $38.1500 (-3.59%) ($37.7300 - $39.5000) on Thu. Nov. 12, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.13% (three month average) |
RSI | 52 |
Latest Price | $38.1500(-3.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.7% a day on average for past five trading days. |
Weekly Trend | SVXY advances 5.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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 -1.065% 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 | -1.065% (StdDev 2.13%) |
Hourly BBV | -2.2 () |
Intraday Trend | -2.9% |
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