| SVXY latest price $83.3450 (1.43%) ($82.5400 - $84.0900) on Tue. Jun. 27, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.38% (three month average) |
RSI | 88 |
Latest Price | $83.3450(1.43%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.6% a day on average for past five trading days. |
Weekly Trend | SVXY advances 2.4% 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(73%) IVW(72%) IVE(70%) VT(70%) VUG(70%) |
Factors Impacting SVXY price | SVXY will decline at least -0.69% in a week (0% probabilities). VIXM(-92%) TBT(-22%) UUP(-17%) USO(-17%) EDOC(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.69% (StdDev 1.38%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1% |
| |
|
|