| SVXY latest price $55.8200 (1.01%) ($54.8900 - $56.1000) on Wed. Jul. 14, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.31% (three month average) |
RSI | 56 |
Latest Price | $55.8200(1.01%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.2% a day on average for past five trading days. |
Weekly Trend | SVXY declines -0.4% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(74%) DIA(73%) IVE(72%) IWD(72%) IWF(71%) |
Factors Impacting SVXY price | SVXY will decline at least -1.155% in a week (0% probabilities). VIXM(-59%) VXX(-18%) UUP(-14%) SHY(-7%) TLT(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.155% (StdDev 2.31%) |
Hourly BBV | 1.4 () |
Intraday Trend | -0.1% |
| |
|
|