| SVXY latest price $98.0200 (0.68%) ($97.0000 - $98.1900) on Thu. Nov. 30, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.97% (three month average) |
RSI | 91 |
Latest Price | $98.0200(0.68%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 0.5% 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 | Value stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SVXY advance at 0% a week (0% probability) SPY(84%) XLV(63%) IVE(62%) EWI(60%) EWP(60%) |
Factors Impacting SVXY price | SVXY will decline at least -0.985% in a week (0% probabilities). VIXM(-92%) BNDX(-31%) EDOC(-24%) TIP(-21%) BND(-21%) |
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 | -0.985% (StdDev 1.97%) |
Hourly BBV | 0.4 () |
Intraday Trend | 0.5% |
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