| SVXY latest price $32.0600 (1.3%) ($31.3900 - $32.0900) on Wed. Jul. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.25% (three month average) |
RSI | 61 |
Latest Price | $32.0600(1.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.3% a day on average for past five trading days. |
Weekly Trend | SVXY advances 2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(73%) DIA(70%) IVW(69%) IWF(69%) IVE(68%) |
Factors Impacting SVXY price | SVXY will decline at least -1.625% in a week (0% probabilities). VIXM(-67%) VXX(-26%) UUP(-18%) SHY(-5%) TLT(-4%) |
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 | -1.625% (StdDev 3.25%) |
Hourly BBV | -0.6 () |
Intraday Trend | 0.4% |
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