| SVXY latest price $86.0600 (2.8%) ($85.0400 - $86.1100) on Wed. Jul. 12, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.48% (three month average) |
RSI | 67 |
Latest Price | $86.0600(2.8%) |
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 0.7% 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(75%) IVW(74%) VT(73%) IVE(72%) IWF(71%) |
Factors Impacting SVXY price | SVXY will decline at least -0.74% in a week (0% probabilities). VIXM(-92%) TBT(-22%) USO(-17%) UUP(-16%) GLD(-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 | -0.74% (StdDev 1.48%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.2% |
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