| SVXY latest price $67.1600 (-1.57%) ($67.1100 - $68.9500) on Wed. May. 3, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.16% (three month average) |
RSI | 55 |
Latest Price | $67.1600(-1.57%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.2% a day on average for past five trading days. |
Weekly Trend | SVXY advances 0.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(73%) IVW(72%) VT(72%) IVE(71%) IWF(70%) |
Factors Impacting SVXY price | SVXY will decline at least -1.08% in a week (0% probabilities). VIXM(-91%) UUP(-15%) TBT(-15%) GLD(-15%) SHY(-10%) |
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 | -1.08% (StdDev 2.16%) |
Hourly BBV | -0.6 () |
Intraday Trend | -1.2% |
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