| SVXY latest price $91.3200 (2.02%) ($90.2000 - $91.7200) on Fri. Nov. 10, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.07% (three month average) |
RSI | 72 |
Latest Price | $91.3200(2.02%) |
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 6% 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) XLV(65%) IVW(64%) SPY(61%) EEM(55%) IWF(55%) |
Factors Impacting SVXY price | SVXY will decline at least -1.035% in a week (0% probabilities). VIXM(-84%) GLD(-21%) BNDX(-14%) UUP(-11%) SHY(-10%) |
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 | -1.035% (StdDev 2.07%) |
Hourly BBV | 1 () |
Intraday Trend | 1.1% |
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