| SVXY latest price $30.7600 (0.82%) ($30.0700 - $30.7600) on Thu. Jun. 18, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.55% (three month average) |
RSI | 37 |
Latest Price | $30.7600(0.82%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1% a day on average for past five trading days. |
Weekly Trend | SVXY declines -6.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(74%) DIA(71%) IVE(70%) IVW(70%) IWD(70%) |
Factors Impacting SVXY price | SVXY will decline at least -1.775% in a week (0% probabilities). VIXM(-69%) VXX(-28%) UUP(-19%) TLT(-6%) SHY(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.775% (StdDev 3.55%) |
Hourly BBV | 0.3 () |
Intraday Trend | 1.8% |
| |
|
|