| SVXY latest price $65.0000 (0.65%) ($64.3180 - $65.2200) on Thu. Jan. 26, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.23% (three month average) |
RSI | 79 |
Latest Price | $65.0000(0.65%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.9% a day on average for past five trading days. |
Weekly Trend | SVXY advances 2.9% 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) SPY(75%) IVE(74%) VT(74%) IVW(72%) IWD(71%) |
Factors Impacting SVXY price | SVXY will decline at least -0.615% in a week (0% probabilities). VIXM(-87%) SHY(-28%) GLD(-23%) VXX(-22%) UUP(-13%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.615% (StdDev 1.23%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0% |
| |
|
|