| SVXY latest price $81.6800 (1.05%) ($80.9700 - $81.8300) on Wed. Jun. 21, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.44% (three month average) |
RSI | 95 |
Latest Price | $81.6800(1.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.6% a day on average for past five trading days. |
Weekly Trend | SVXY advances 4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(71%) IVW(70%) VT(69%) IVE(68%) IWF(67%) |
Factors Impacting SVXY price | SVXY will decline at least -0.72% in a week (0% probabilities). VIXM(-91%) TBT(-22%) UUP(-16%) USO(-15%) GLD(-9%) |
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 | -0.72% (StdDev 1.44%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.6% |
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