| SVXY latest price $99.5700 (1.31%) ($98.6900 - $99.7900) on Fri. Dec. 8, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.96% (three month average) |
RSI | 81 |
Latest Price | $99.5700(1.31%) |
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 1.4% 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) IVE(89%) QQQ(78%) DIA(74%) XLF(71%) XLV(71%) |
Factors Impacting SVXY price | SVXY will decline at least -0.98% in a week (0% probabilities). BNDX(-29%) BND(-12%) TIP(-11%) VCSH(-10%) VIXM(-95%) |
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 | -0.98% (StdDev 1.96%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.9% |
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