| SVXY latest price $53.8300 (2.67%) ($52.2900 - $53.9400) on Wed. Sep. 7, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.81% (three month average) |
RSI | 40 |
Latest Price | $53.8300(2.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.5% a day on average for past five trading days. |
Weekly Trend | SVXY declines -1.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) IVE(70%) IWD(68%) SPY(68%) DIA(66%) PAVE(65%) |
Factors Impacting SVXY price | SVXY will decline at least -0.905% in a week (0% probabilities). VIXM(-16%) SHY(-15%) TBT(-12%) UUP(-5%) EDOC(-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 | -0.905% (StdDev 1.81%) |
Hourly BBV | 1.1 () |
Intraday Trend | 2.9% |
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