| SVXY latest price $57.8600 (0.87%) ($56.8200 - $57.9000) on Thu. Dec. 1, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.37% (three month average) |
RSI | 81 |
Latest Price | $57.8600(0.87%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.3% a day on average for past five trading days. |
Weekly Trend | SVXY advances 2.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) IVE(72%) SPY(72%) IWD(69%) DIA(68%) IVW(68%) |
Factors Impacting SVXY price | SVXY will decline at least -0.685% in a week (0% probabilities). SHY(-23%) GLD(-13%) EDOC(-9%) VIXM(-7%) TBT(-7%) |
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 | -0.685% (StdDev 1.37%) |
Hourly BBV | 1.7 () |
Intraday Trend | 0.7% |
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