| SVXY latest price $94.6400 (0.87%) ($93.7200 - $94.7900) on Fri. Nov. 17, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2% (three month average) |
RSI | 90 |
Latest Price | $94.6400(0.87%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.7% a day on average for past five trading days. |
Weekly Trend | SVXY advances 4.2% a week on average for past two weeks. |
Market Behavior | Normal 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(62%) SPY(60%) XLF(57%) DIA(54%) |
Factors Impacting SVXY price | SVXY will decline at least -1% in a week (0% probabilities). VIXM(-80%) BNDX(-18%) UUP(-11%) GLD(-11%) SHY(-6%) |
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% (StdDev 2%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.6% |
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