| SVXY latest price $89.4100 (1.63%) ($88.1100 - $89.5900) on Wed. Aug. 30, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.46% (three month average) |
RSI | 62 |
Latest Price | $89.4100(1.63%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1% a day on average for past five trading days. |
Weekly Trend | SVXY advances 1.1% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(75%) IVW(74%) IWF(73%) VUG(73%) IVE(72%) |
Factors Impacting SVXY price | SVXY will decline at least -0.73% in a week (0% probabilities). VIXM(-92%) USO(-28%) GLD(-25%) TBT(-20%) UUP(-14%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.73% (StdDev 1.46%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1.1% |
| |
|
|