| SVXY latest price $56.4500 (1.79%) ($55.6700 - $56.5100) on Tue. Nov. 22, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.47% (three month average) |
RSI | 74 |
Latest Price | $56.4500(1.79%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1.1% a day on average for past five trading days. |
Weekly Trend | SVXY advances 1.9% 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%) SPY(71%) IWD(69%) DIA(67%) IVW(67%) |
Factors Impacting SVXY price | SVXY will decline at least -0.735% in a week (0% probabilities). SHY(-23%) GLD(-14%) TBT(-8%) VIXM(-7%) BNDX(-4%) |
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 | -0.735% (StdDev 1.47%) |
Hourly BBV | 1.6 () |
Intraday Trend | 1.4% |
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