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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
ProShares Short VIX Short-Term Futures ETF (BATS:SVXY)
Bull Market Weakness (+75) - SVXY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SVXY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SVXY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SVXY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SVXY
The long-term trend has been DOWN since Apr 11th, 2024 at 100.18
The intermediate-term trend has been UP since May 6th, 2024 at 56.64
The short-term trend has been UP since May 3rd, 2024 at 55.85
Smart Scan Analysis for SVXY
Based on our trend formula, SVXY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 57.38 | 57.73 | 57.35 | 57.65 | +0.24 |
| Prev. Close | Volume | Bid | Ask | Time |
| 57.41 | 756117 | 2024-05-08 15:59:43 |
| 52wk High | 57.45 | 52wk High Date | 2024-05-07 |
| 52wk Low | 33.75 | 52wk Low Date | 2023-05-10 |
| Average Volume | 1,592,227 | Shares Outstanding | 19,768 |