| SVXY latest price $61.3400 (4.37%) ($60.1500 - $61.4350) on Tue. Mar. 21, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.1% (three month average) |
RSI | 45 |
Latest Price | $61.3400(4.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.3% a day on average for past five trading days. |
Weekly Trend | SVXY declines -5% 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) SPY(75%) IVE(74%) VT(74%) IVW(71%) XLF(70%) |
Factors Impacting SVXY price | SVXY will decline at least -1.05% in a week (0% probabilities). VIXM(-90%) SHY(-29%) GLD(-27%) UUP(-13%) BNDX(-8%) |
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 | -1.05% (StdDev 2.1%) |
Hourly BBV | 1.6 () |
Intraday Trend | 2% |
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