| SVXY latest price $88.2200 (2.01%) ($87.0500 - $88.6300) on Fri. Jul. 28, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.37% (three month average) |
RSI | 74 |
Latest Price | $88.2200(2.01%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.4% a day on average for past five trading days. |
Weekly Trend | SVXY advances 1.5% 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(76%) IVW(74%) IVE(73%) VT(73%) IWF(72%) |
Factors Impacting SVXY price | SVXY will decline at least -0.685% in a week (0% probabilities). VIXM(-92%) TBT(-20%) USO(-19%) UUP(-15%) GLD(-12%) |
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 | -0.685% (StdDev 1.37%) |
Hourly BBV | 0.2 () |
Intraday Trend | 0.1% |
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