| SVXY latest price $90.5900 (-0.4%) ($90.0700 - $91.3700) on Tue. Sep. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.43% (three month average) |
RSI | 68 |
Latest Price | $90.5900(-0.4%) |
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 4.1% a week on average for past two weeks. |
Market Behavior | Value stocks 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(74%) IVW(73%) IWF(72%) VUG(72%) IVE(71%) |
Factors Impacting SVXY price | SVXY will decline at least -0.715% in a week (0% probabilities). VIXM(-92%) USO(-29%) GLD(-27%) TBT(-19%) UUP(-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 | -0.715% (StdDev 1.43%) |
Hourly BBV | 0.9 () |
Intraday Trend | -0.2% |
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