| SVXY latest price $60.6000 (0.38%) ($60.3100 - $60.8400) on Tue. Oct. 19, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.94% (three month average) |
RSI | 86 |
Latest Price | $60.6000(0.38%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1% a day on average for past five trading days. |
Weekly Trend | SVXY advances 4.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth 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 -0.97% in a week (0% probabilities). VIXM(-56%) VXX(-15%) UUP(-14%) SHY(-7%) IGOV(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.97% (StdDev 1.94%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0% |
| |
|
|