| UVXY latest price $19.0000 (7.19%) ($16.9300 - $19.1300) on Thu. Oct. 19, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6% (three month average) |
RSI | 60 |
Latest Price | $19.0000(7.19%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | UVXY advances 4.3% a day on average for past five trading days. |
Weekly Trend | UVXY advances 1.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support UVXY advance at 0% a week (0% probability) VIXM(92%) GLD(52%) USO(38%) SLV(21%) GDX(13%) |
Factors Impacting UVXY price | UVXY will decline at least -3% in a week (0% probabilities). SPY(-70%) IVW(-68%) VUG(-66%) QQQ(-66%) IWF(-66%) |
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 | -3% (StdDev 6%) |
Hourly BBV | 2.1 () |
Intraday Trend | 9.8% |
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