| SVXY latest price $48.9600 (-0.37%) ($48.5600 - $49.3000) on Wed. Oct. 19, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.58% (three month average) |
RSI | 49 |
Latest Price | $48.9600(-0.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.4% a day on average for past five trading days. |
Weekly Trend | SVXY declines -0.9% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) IVE(69%) IWD(66%) SPY(66%) DIA(64%) PAVE(63%) |
Factors Impacting SVXY price | SVXY will decline at least -0.79% in a week (0% probabilities). SHY(-21%) VIXM(-10%) GLD(-10%) TBT(-9%) UNG(-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 | -0.79% (StdDev 1.58%) |
Hourly BBV | -0.8 () |
Intraday Trend | -0.1% |
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