| SVXY latest price $50.2000 (0.34%) ($48.8800 - $50.5800) on Wed. Jun. 1, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.71% (three month average) |
RSI | 67 |
Latest Price | $50.2000(0.34%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.9% a day on average for past five trading days. |
Weekly Trend | SVXY advances 1.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) IVE(71%) SPY(70%) IWD(69%) DIA(68%) IWF(66%) |
Factors Impacting SVXY price | SVXY will decline at least -1.355% in a week (0% probabilities). VIXM(-29%) TBT(-12%) UUP(-10%) SHY(-6%) VXX(-3%) |
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 | -1.355% (StdDev 2.71%) |
Hourly BBV | 1.5 () |
Intraday Trend | 2.2% |
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