| SVXY latest price $36.5400 (4.28%) ($35.7300 - $36.6900) on Wed. Nov. 4, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.07% (three month average) |
RSI | 45 |
Latest Price | $36.5400(4.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 2% a day on average for past five trading days. |
Weekly Trend | SVXY declines -3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth 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 -1.035% in a week (0% probabilities). VIXM(-66%) VXX(-24%) UUP(-17%) EDOC(-8%) SHY(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.035% (StdDev 2.07%) |
Hourly BBV | 1.4 () |
Intraday Trend | 2.2% |
| |
|
|