| SVXY latest price $53.0400 (1.07%) ($51.7800 - $53.2100) on Thu. Nov. 3, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.52% (three month average) |
RSI | 88 |
Latest Price | $53.0400(1.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.5% a day on average for past five trading days. |
Weekly Trend | SVXY advances 4% a week on average for past two weeks. |
Market Behavior | Growth stock 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(70%) IWD(67%) SPY(67%) DIA(65%) PAVE(65%) |
Factors Impacting SVXY price | SVXY will decline at least -0.76% in a week (0% probabilities). SHY(-21%) GLD(-11%) VIXM(-9%) TBT(-9%) BNDX(-2%) |
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 | -0.76% (StdDev 1.52%) |
Hourly BBV | 1 () |
Intraday Trend | 1.9% |
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