| SVXY latest price $97.5800 (2.06%) ($95.8000 - $97.8800) on Fri. Nov. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2% (three month average) |
RSI | 83 |
Latest Price | $97.5800(2.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.8% a day on average for past five trading days. |
Weekly Trend | SVXY advances 3.2% 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) IVW(72%) SPY(69%) XLF(60%) XLV(59%) EWP(58%) |
Factors Impacting SVXY price | SVXY will decline at least -1% in a week (0% probabilities). VIXM(-91%) BNDX(-30%) BND(-23%) TIP(-22%) TLT(-18%) |
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 | 0 () |
Intraday Trend | 1.8% |
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