| SVXY latest price $83.8700 (-1.09%) ($83.6900 - $84.6600) on Thu. Jun. 29, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.39% (three month average) |
RSI | 80 |
Latest Price | $83.8700(-1.09%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.3% a day on average for past five trading days. |
Weekly Trend | SVXY advances 2.5% 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(73%) IVW(72%) IVE(70%) VT(70%) VUG(70%) |
Factors Impacting SVXY price | SVXY will decline at least -0.695% in a week (0% probabilities). VIXM(-92%) TBT(-22%) UUP(-17%) USO(-17%) EDOC(-12%) |
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 | -0.695% (StdDev 1.39%) |
Hourly BBV | 0.3 () |
Intraday Trend | -0.9% |
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