| SVXY latest price $92.2200 (-1.85%) ($91.9900 - $94.1700) on Fri. Sep. 15, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.42% (three month average) |
RSI | 79 |
Latest Price | $92.2200(-1.85%) |
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 sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(75%) IVW(74%) IVE(72%) IWF(72%) QQQ(72%) |
Factors Impacting SVXY price | SVXY will decline at least -0.71% in a week (0% probabilities). VIXM(-93%) USO(-31%) GLD(-28%) TBT(-19%) SLV(-13%) |
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 | -0.71% (StdDev 1.42%) |
Hourly BBV | -1.3 () |
Intraday Trend | -1.5% |
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