-1X SHORT VIX FUTURES ETF (SVIX) Stock Technical Analysis
NYSEARCA:SVIX - NYSE Arca - US92891H1014 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to SVIX. In the past year, SVIX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SVIX is a bad performer in the overall market: 77% of all stocks are doing better.
SVIX has an average volume of 3997860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SVIX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SVIX is lagging the market.
In the last month SVIX has a been trading in the 15.40 - 18.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
SVIX has a poor technical rating and the quality of the setup is also not perfect 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
15.39
18.13
We found 2 important support areas.
- A support zone ranging from 16.00 to 16.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.55 to 15.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 17.23 to 17.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.95 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for SVIX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SVIX is neutral. |
| ChartMill Relative Strength | 23.27 | NEGATIVE | SVIX has a low relative strength, it was outperformed by 76.73% off all stocks 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 | NEGATIVE | The current price of SVIX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.03 | NEUTRAL | The RSI value for SVIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SVIX has a negative trend. |
| Stochastics (14,3) | 41.33 | NEUTRAL | The Stochastics value for SVIX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for SVIX suggests some volalility. |
| Average Directional Index/ADX (14) | 12.52 | NEGATIVE | The low ADX value for SVIX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
16.84
-0.14 (-0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.82%
1 Week-3.96%
2 Weeks1.51%
1 Month6.11%
3 Month27.29%
6 Month-33.93%
12 Month-36.76%
2 Year-45.75%
3 Year35.7%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%3.41%
ATR Inc47.88%
Range Today0.71
ADR(20)0.48
ADR(20)%2.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.27
Mansfield-2.8
10 Day High18.23
10 Day Low15.62
20 Day High18.23
20 Day Low15.4
52 Week High32.85
52 Week Low9.3
CS1 End16.04
CR1 Start17.23
Volume & EV
DER(3)2.82%
DER(5)2.58%
Volume5.08M
Volume Incr124.73%
Vol(5)5.46M
Vol(50)4.00M