| SVXY latest price $37.7100 (0.88%) ($37.3800 - $37.7900) on Mon. Oct. 12, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.75% (three month average) |
RSI | 68 |
Latest Price | $37.7100(0.88%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1.3% a day on average for past five trading days. |
Weekly Trend | SVXY advances 2.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally 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 -0.875% in a week (0% probabilities). VIXM(-66%) VXX(-25%) UUP(-17%) EDOC(-8%) IGOV(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.875% (StdDev 1.75%) |
Hourly BBV | 1.1 () |
Intraday Trend | -0% |
| |
|
|