Medium-term UVIX stock price forecast suggests that if the VIX index holds above 18 into August 2024, UVIX could retest its March highs near 13 USD. Traders often use UVIX as a hedge in portfolios vulnerable to sudden drawdowns. The PCE price index, the Fed’s preferred inflation gauge, registered an increase of just 0.1% from October and a 2.4% annual rate, both below expectations. Barring food and energy, core PCE also increased 0.1% monthly and was 2.8% higher from a year ago, with both readings being 0.1 percentage point below the forecast. This is a scenario the Fed aims for when considering interest rate cuts. I have bought UVIX for the short term with my stop loss at 8.73 and take profit to be updated. The UVIX stock price forecast incorporates implied volatility metrics from SPX options, showing that elevated premiums could translate into double-digit percentage gains in UVIX during high-stress market sessions. This volatility-linked ETF remains sensitive to macroeconomic event risk.
