| SVXY latest price $49.5450 (-1.72%) ($49.5450 - $50.7100) on Thu. Oct. 6, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.59% (three month average) |
RSI | 36 |
Latest Price | $49.5450(-1.72%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.2% a day on average for past five trading days. |
Weekly Trend | SVXY declines -2.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) IVE(69%) SPY(67%) IWD(66%) DIA(64%) PAVE(64%) |
Factors Impacting SVXY price | SVXY will decline at least -0.795% in a week (0% probabilities). SHY(-18%) VIXM(-12%) TBT(-12%) GLD(-7%) VXX(0%) |
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 | -0.795% (StdDev 1.59%) |
Hourly BBV | -2.2 () |
Intraday Trend | -1.9% |
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