| SVXY latest price $102.3100 (1.41%) ($101.2800 - $102.6500) on Tue. Dec. 12, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.97% (three month average) |
RSI | 83 |
Latest Price | $102.3100(1.41%) |
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 1.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) QQQ(95%) IVE(89%) DIA(78%) EWI(76%) XLF(75%) |
Factors Impacting SVXY price | SVXY will decline at least -0.985% in a week (0% probabilities). BNDX(-27%) IGOV(-13%) BND(-7%) SHY(-4%) VIXM(-96%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.985% (StdDev 1.97%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.8% |
| |
|
|