| SVXY latest price $53.0200 (-0.45%) ($52.5470 - $54.4800) on Fri. Sep. 2, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.77% (three month average) |
RSI | 35 |
Latest Price | $53.0200(-0.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.1% a day on average for past five trading days. |
Weekly Trend | SVXY declines -2.7% 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) IVE(71%) IWD(69%) SPY(69%) DIA(67%) IWF(65%) |
Factors Impacting SVXY price | SVXY will decline at least -0.885% in a week (0% probabilities). VIXM(-18%) SHY(-14%) TBT(-11%) UUP(-6%) EDOC(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.885% (StdDev 1.77%) |
Hourly BBV | -0.2 () |
Intraday Trend | -2.1% |
| |
|
|