-1X SHORT VIX FUTURES ETF (SVIX) Technical Analysis
NYSEARCA:SVIX • US92891H1014
Current stock price
SVIX Technical Rating and Analysis
Taking everything into account, SVIX scores 2 out of 10 in our technical rating. Although SVIX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- In the last month SVIX has a been trading in the 14.13 - 18.42 range, which is quite wide. It is currently trading near the high of this range.
- SVIX has an average volume of 7748100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, SVIX did better than 74% of all other stocks. However, SVIX's most recent performance is quite weak.
- SVIX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SVIX is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SVIX Weekly and Daily overview Charts
SVIX Setup Rating and Analysis
The technical rating of SVIX is bad and it also does not present a quality setup 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
SVIX Support and Resistance Analysis
17.90
3 important resistance areas can be observed.
- A resistance zone ranging from 19.28 to 19.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @20.59 from a trend line in the weekly time frame.
- Resistance @23.74 from a trend line in the weekly time frame.
SVIX Technical Indicator Signal Analysis
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 | 74.76 | POSITIVE | SVIX has a high relative strength, it outperformed 74.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SVIX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SVIX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SVIX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.81 | NEUTRAL | The RSI value for SVIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests SVIX has a positive trend. |
| Stochastics (14,3) | 80.53 | OVERBOUGHT | The high Stochastics value suggests SVIX may be overbought. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for SVIX suggests high volalility. |
| Average Directional Index/ADX (14) | 43.32 | POSITIVE | The high ADX value value for SVIX suggests a strong trend. |
SVIX Chart- and CandleStick Pattern Analysis
SVIX Technicals: Chart, Performance Metrics, Trend & Indicators
18.08
+0.66 (+3.79%)
-1X SHORT VIX FUTURES ETF / SVIX TA FAQ
What is the technical rating for SVIX stock?
ChartMill assigns a technical rating of 2 / 10 to SVIX.
What is the trend direction for SVIX stock?
The current trend direction for -1X SHORT VIX FUTURES ETF (SVIX) is Bearish.
What is the RSI signal for SVIX stock?
-1X SHORT VIX FUTURES ETF (SVIX) has an RSI value of 53.8114. This indicates that the stock is currently neutral.
Can you provide the short term momentum for -1X SHORT VIX FUTURES ETF?
The short term momentum for -1X SHORT VIX FUTURES ETF (SVIX) is neutral.
What are the support and resistance levels for -1X SHORT VIX FUTURES ETF (SVIX) stock?
-1X SHORT VIX FUTURES ETF (SVIX) has a resistance level at 19.28. Check the full technical report for our detailed analysis of SVIX support and resistance levels.