| SVXY latest price $70.8100 (-1.41%) ($70.0500 - $72.2500) on Fri. May. 19, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.16% (three month average) |
RSI | 52 |
Latest Price | $70.8100(-1.41%) |
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 2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(71%) IVE(69%) IVW(69%) VT(69%) IWF(67%) |
Factors Impacting SVXY price | SVXY will decline at least -1.08% in a week (0% probabilities). VIXM(-91%) TBT(-22%) UUP(-16%) USO(-12%) GLD(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.08% (StdDev 2.16%) |
Hourly BBV | -0.2 () |
Intraday Trend | -1.7% |
| |
|
|