| SVXY latest price $51.2100 (-1.23%) ($51.2100 - $52.6200) on Tue. Jun. 1, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.28% (three month average) |
RSI | 57 |
Latest Price | $51.2100(-1.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.5% a day on average for past five trading days. |
Weekly Trend | SVXY advances 3.8% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(74%) DIA(73%) IVE(72%) IWD(71%) IWF(71%) |
Factors Impacting SVXY price | SVXY will decline at least -1.14% in a week (0% probabilities). VIXM(-60%) VXX(-19%) UUP(-15%) SHY(-7%) TLT(-5%) |
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 | -1.14% (StdDev 2.28%) |
Hourly BBV | -1.7 () |
Intraday Trend | -2.5% |
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