We assign a technical rating of 7 out of 10 to SVIX. Although SVIX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although SVIX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
16.65
5 important support areas can be observed.
- A support zone ranging from 21.56 to 21.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 19.91 to 20.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.45 from a trend line in the weekly time frame.
- A support zone ranging from 17.16 to 17.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @16.82 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.33 to 22.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SVIX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SVIX is up. |
| ChartMill Relative Strength | 32.95 | NEUTRAL | SVIX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SVIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SVIX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SVIX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.57 | NEUTRAL | The RSI value for SVIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SVIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.29 | OVERBOUGHT | The high Stochastics value suggests SVIX may be overbought. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for SVIX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.08 | POSITIVE | The high ADX value value for SVIX suggests a strong trend. |
22.32
+0.76 (+3.53%)
-1X SHORT VIX FUTURES ETF / SVIX FAQ
What is the technical rating for SVIX stock?
ChartMill assigns a technical rating of 7 / 10 to SVIX.
Can you provide the trend direction for -1X SHORT VIX FUTURES ETF?
The current trend direction for -1X SHORT VIX FUTURES ETF (SVIX) is Bullish.
Can you provide the RSI signal for -1X SHORT VIX FUTURES ETF?
-1X SHORT VIX FUTURES ETF (SVIX) has an RSI value of 65.5737. This indicates that the stock is currently neutral.
What is the short term momentum for -1X SHORT VIX FUTURES ETF (SVIX) stock?
The short term momentum for -1X SHORT VIX FUTURES ETF (SVIX) is positive.
What is the buy/sell signal for SVIX stock?
The buy/sell signal for -1X SHORT VIX FUTURES ETF (SVIX) is buy as both the short term and long term trends are positive.