| SVXY latest price $60.1200 (-1.99%) ($60.1200 - $62.4700) on Wed. Mar. 22, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.09% (three month average) |
RSI | 40 |
Latest Price | $60.1200(-1.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.7% a day on average for past five trading days. |
Weekly Trend | SVXY declines -5% 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(75%) IVE(74%) VT(74%) IVW(71%) XLF(70%) |
Factors Impacting SVXY price | SVXY will decline at least -1.045% in a week (0% probabilities). VIXM(-90%) SHY(-29%) GLD(-26%) UUP(-13%) BNDX(-8%) |
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 | -1.045% (StdDev 2.09%) |
Hourly BBV | 0.6 () |
Intraday Trend | -2.3% |
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