| SVXY latest price $78.6500 (-0.17%) ($77.9500 - $78.8450) on Wed. Jun. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.12% (three month average) |
RSI | 76 |
Latest Price | $78.6500(-0.17%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1.7% a day on average for past five trading days. |
Weekly Trend | SVXY advances 4.5% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based rally 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 -1.06% in a week (0% probabilities). VIXM(-91%) TBT(-22%) UUP(-17%) USO(-13%) GLD(-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 | -1.06% (StdDev 2.12%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0.1% |
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