| SVXY latest price $86.2800 (0.59%) ($85.2000 - $86.5700) on Fri. Jul. 14, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.47% (three month average) |
RSI | 68 |
Latest Price | $86.2800(0.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.8% a day on average for past five trading days. |
Weekly Trend | SVXY advances 1.1% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth 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(75%) IVW(74%) VT(73%) IVE(72%) IWF(71%) |
Factors Impacting SVXY price | SVXY will decline at least -0.735% in a week (0% probabilities). VIXM(-92%) TBT(-22%) USO(-17%) UUP(-16%) 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 | -0.735% (StdDev 1.47%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0.6% |
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