| SVXY latest price $142.0400 (-2.39%) ($139.1600 - $146.7200) on Wed. Aug. 10, 2016. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.94% (three month average) |
RSI | 82 |
Latest Price | $142.0400(-2.39%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1.5% a day on average for past five trading days. |
Weekly Trend | SVXY advances 8% 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(54%) IVE(52%) IVW(52%) IWF(52%) IWM(52%) |
Factors Impacting SVXY price | SVXY will decline at least -2.47% in a week (0% probabilities). VIXM(-28%) TLT(-11%) UUP(-8%) SHY(-5%) IPO(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.47% (StdDev 4.94%) |
Hourly BBV | 0 () |
Intraday Trend | -3% |
| |
|
|