| SVXY latest price $83.3900 (-1.92%) ($83.2000 - $85.9100) on Thu. Aug. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.45% (three month average) |
RSI | 53 |
Latest Price | $83.3900(-1.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.4% a day on average for past five trading days. |
Weekly Trend | SVXY declines -0.3% 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) IVW(77%) SPY(77%) IWF(74%) VUG(74%) IVE(73%) |
Factors Impacting SVXY price | SVXY will decline at least -0.725% in a week (0% probabilities). VIXM(-92%) USO(-25%) TBT(-21%) GLD(-21%) UUP(-14%) |
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 | -0.725% (StdDev 1.45%) |
Hourly BBV | -0.7 () |
Intraday Trend | -2.6% |
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