| SVXY latest price $54.3300 (1.1%) ($53.1250 - $54.4200) on Fri. Aug. 5, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.97% (three month average) |
RSI | 77 |
Latest Price | $54.3300(1.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.2% a day on average for past five trading days. |
Weekly Trend | SVXY advances 2.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) IVE(71%) IWD(69%) SPY(69%) DIA(68%) IWF(66%) |
Factors Impacting SVXY price | SVXY will decline at least -0.985% in a week (0% probabilities). VIXM(-21%) SHY(-12%) TBT(-11%) UUP(-7%) VXX(-1%) |
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 | -0.985% (StdDev 1.97%) |
Hourly BBV | 2 () |
Intraday Trend | 2.2% |
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