| SVXY latest price $55.4500 (1.28%) ($54.8300 - $55.4800) on Fri. Aug. 6, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.49% (three month average) |
RSI | 74 |
Latest Price | $55.4500(1.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.6% a day on average for past five trading days. |
Weekly Trend | SVXY advances 1.2% a week on average for past two weeks. |
Market Behavior | Value stock rally 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(72%) IVE(72%) IWF(72%) IVW(71%) |
Factors Impacting SVXY price | SVXY will decline at least -1.245% in a week (0% probabilities). VIXM(-59%) VXX(-17%) UUP(-14%) SHY(-7%) TLT(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.245% (StdDev 2.49%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.8% |
| |
|
|