| SVXY latest price $76.5400 (1.2%) ($75.5700 - $76.6000) on Mon. Jun. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.11% (three month average) |
RSI | 69 |
Latest Price | $76.5400(1.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1.5% 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. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(70%) IVE(68%) IVW(68%) VT(68%) IWF(66%) |
Factors Impacting SVXY price | SVXY will decline at least -1.055% in a week (0% probabilities). VIXM(-91%) TBT(-22%) UUP(-17%) USO(-13%) GLD(-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 | -1.055% (StdDev 2.11%) |
Hourly BBV | 1 () |
Intraday Trend | 1.1% |
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