| SVXY latest price $35.0900 (0.29%) ($34.7100 - $35.2800) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.93% (three month average) |
RSI | 66 |
Latest Price | $35.0900(0.29%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.7% a day on average for past five trading days. |
Weekly Trend | SVXY advances 2% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(73%) DIA(70%) IVE(69%) IVW(69%) IWD(69%) |
Factors Impacting SVXY price | SVXY will decline at least -1.465% in a week (0% probabilities). VIXM(-66%) VXX(-25%) 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 | -1.465% (StdDev 2.93%) |
Hourly BBV | 1 () |
Intraday Trend | 1% |
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