| SVXY latest price $61.4000 (2.32%) ($59.9900 - $61.4600) on Tue. Jan. 10, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.19% (three month average) |
RSI | 72 |
Latest Price | $61.4000(2.32%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.8% a day on average for past five trading days. |
Weekly Trend | SVXY advances 2% 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) SPY(74%) IVE(73%) VT(73%) IVW(71%) IWD(70%) |
Factors Impacting SVXY price | SVXY will decline at least -0.595% in a week (0% probabilities). VIXM(-87%) SHY(-27%) VXX(-22%) GLD(-20%) UUP(-14%) |
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 | -0.595% (StdDev 1.19%) |
Hourly BBV | 1.8 () |
Intraday Trend | 2.4% |
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