| SVXY latest price $90.9500 (0.66%) ($90.5600 - $91.4300) on Fri. Sep. 1, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.43% (three month average) |
RSI | 58 |
Latest Price | $90.9500(0.66%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1.3% a day on average for past five trading days. |
Weekly Trend | SVXY advances 3.4% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) IVW(77%) SPY(76%) IWF(73%) QQQ(73%) VUG(73%) |
Factors Impacting SVXY price | SVXY will decline at least -0.715% in a week (0% probabilities). VIXM(-92%) USO(-28%) GLD(-25%) TBT(-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 | -0.715% (StdDev 1.43%) |
Hourly BBV | 1.1 () |
Intraday Trend | -0.1% |
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