| SVXY latest price $95.6100 (-0.36%) ($95.1500 - $96.7400) on Wed. Nov. 22, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2% (three month average) |
RSI | 83 |
Latest Price | $95.6100(-0.36%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.5% a day on average for past five trading days. |
Weekly Trend | SVXY advances 3% 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) XLV(59%) XLF(53%) SPLV(52%) EEM(50%) EWP(49%) |
Factors Impacting SVXY price | SVXY will decline at least -1% in a week (0% probabilities). VIXM(-88%) BNDX(-29%) TIP(-22%) BND(-21%) TLT(-17%) |
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 | -1% (StdDev 2%) |
Hourly BBV | -0.3 () |
Intraday Trend | -1.1% |
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