| SVXY latest price $59.5500 (-0.42%) ($59.0500 - $59.7100) on Thu. Jan. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.23% (three month average) |
RSI | 52 |
Latest Price | $59.5500(-0.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.4% a day on average for past five trading days. |
Weekly Trend | SVXY advances 1.3% 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) SPY(73%) IVE(72%) IVW(70%) IWD(70%) DIA(68%) |
Factors Impacting SVXY price | SVXY will decline at least -0.615% in a week (0% probabilities). SHY(-27%) GLD(-19%) EDOC(-9%) XLP(-8%) TBT(-7%) |
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 | -0.615% (StdDev 1.23%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0.2% |
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