| SVXY latest price $55.5600 (2.7%) ($54.8400 - $55.7000) on Wed. Aug. 10, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.91% (three month average) |
RSI | 73 |
Latest Price | $55.5600(2.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.7% a day on average for past five trading days. |
Weekly Trend | SVXY advances 2.6% a week on average for past two weeks. |
Market Behavior | Broad based rally 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(67%) IWF(66%) |
Factors Impacting SVXY price | SVXY will decline at least -0.955% in a week (0% probabilities). VIXM(-21%) SHY(-13%) 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 | -0.955% (StdDev 1.91%) |
Hourly BBV | 1.6 () |
Intraday Trend | 1.1% |
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