| SVXY latest price $44.3900 (1.67%) ($43.4400 - $44.8500) on Fri. Mar. 19, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.55% (three month average) |
RSI | 63 |
Latest Price | $44.3900(1.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.8% a day on average for past five trading days. |
Weekly Trend | SVXY advances 4% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(74%) DIA(72%) IVE(72%) IWD(71%) IVW(70%) |
Factors Impacting SVXY price | SVXY will decline at least -1.275% in a week (0% probabilities). VIXM(-63%) VXX(-21%) UUP(-17%) SHY(-6%) IGOV(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.275% (StdDev 2.55%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0.8% |
| |
|
|