| SVXY latest price $103.0900 (0.76%) ($101.8600 - $103.2400) on Wed. Dec. 13, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.97% (three month average) |
RSI | 87 |
Latest Price | $103.0900(0.76%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SVXY advances 1% a day on average for past five trading days. |
Weekly Trend | SVXY advances 1.9% 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) QQQ(95%) IVE(89%) DIA(78%) EWI(76%) XLF(75%) |
Factors Impacting SVXY price | SVXY will decline at least -0.985% in a week (0% probabilities). VIXM(-96%) BNDX(-27%) IGOV(-13%) UUP(-10%) TLT(-8%) |
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 | 1.6 () |
Intraday Trend | 0.4% |
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