| UVXY latest price $10.5500 (-2.76%) ($10.2600 - $10.6900) on Tue. Jan. 26, 2021. |
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| Trend Analysis and Forecast |
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Trend Pattern | Downtrend Consolidation Downtrend Pop |
Trend Narrative | Rebound |
Average Daily Price Swing | $0.52 (4.86% one month average) |
Average Daily Percentage Swing | 5.88% (three month average) |
Weekly Trend Force | -0.3% (StdDev 5.88%) |
Daily Moving Force | 0.8% |
Rebound Strength | None(0%) |
Trend | -0.5% |
Trend Strength | -2.4% |
RSI | 42 |
Momentum | 0.8 |
Latest Price | $10.5500(-2.76%) |
Forecasted Low Price | 10.38(-1.65%) |
Forecasted High Price | 10.91(3.4%) |
Direction of Next Movement | Higher(3.1%) |
% Change Needed to Confirm Rebound | 4.7% ((11.05)) |
% Change Needed for Trend Reversal | 1.9% |
Hourly Trend | 1.1% [$10.62(0.12), $10.41(0.07)] |
Stocks Behave Similarly | Similar Stock List |
Complacency | 4 |
Intraday Reversal Probability | There's a high probability the price will reverse sharply to downside intraday or next day.. |
Daily Trend | UVXY advances 0.2% a day on average for past five trading days. |
Weekly Trend | UVXY declines -2.5% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support UVXY advance at 1.6% a week (74% probability) VIXM(85%) UUP(30%) ROBT(24%) SHY(17%) UNG(16%) |
Factors Impacting UVXY price | UVXY will decline at least -0.4% in a week (72% probabilities). SPY(-75%) VT(-73%) XLY(-71%) IVW(-70%) JNK(-69%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
Trading Plan | Buy the rebound |
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Valuation to SPY | -0.5 |
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Relative Volatility | -0.6 (options are cheap) |
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Market Trend Strength | 0.9% (StdDev 5.88%) |
Hourly BBV | 1.9 () |
Intraday Trend | 0.1% |
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