| SVXY latest price $64.2100 (0.41%) ($63.1100 - $64.2700) on Wed. Apr. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.09% (three month average) |
RSI | 61 |
Latest Price | $64.2100(0.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.2% a day on average for past five trading days. |
Weekly Trend | SVXY advances 3.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(72%) IVE(71%) VT(71%) IVW(70%) IWF(68%) |
Factors Impacting SVXY price | SVXY will decline at least -1.045% in a week (0% probabilities). VIXM(-90%) UUP(-15%) GLD(-15%) SHY(-13%) TBT(-12%) |
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 | -1.045% (StdDev 2.09%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0.7% |
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