| SVXY latest price $84.5300 (0.48%) ($82.8300 - $85.5190) on Wed. Aug. 9, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.39% (three month average) |
RSI | 46 |
Latest Price | $84.5300(0.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.1% a day on average for past five trading days. |
Weekly Trend | SVXY declines -1.9% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(76%) IVW(75%) IWF(74%) VUG(74%) IVE(73%) |
Factors Impacting SVXY price | SVXY will decline at least -0.695% in a week (0% probabilities). VIXM(-92%) USO(-20%) TBT(-19%) GLD(-17%) UUP(-13%) |
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 | -0.695% (StdDev 1.39%) |
Hourly BBV | 1.1 () |
Intraday Trend | -0.1% |
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