| SVXY latest price $68.3800 (0.54%) ($67.7300 - $68.4400) on Mon. Apr. 24, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.04% (three month average) |
RSI | 78 |
Latest Price | $68.3800(0.54%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.1% a day on average for past five trading days. |
Weekly Trend | SVXY advances 2.7% 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) SPY(73%) IVW(72%) VT(72%) IVE(71%) IWF(70%) |
Factors Impacting SVXY price | SVXY will decline at least -1.02% in a week (0% probabilities). VIXM(-91%) UUP(-15%) GLD(-15%) TBT(-14%) SHY(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.02% (StdDev 2.04%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.2% |
| |
|
|