Uvix stock price forecast medium-term UVIX stock price forecast

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 December U.S. ISM Services Price Index increased to 64.4 from 58.2 in November, indicating rising inflationary pressures in the services sector. Additionally, the Job Openings and Labor Turnover Survey (JOLTS) revealed a higher-than-expected number of job openings (read: Play Defensive ETFs to Counter Stock Market Slump). Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Latest UVIX stock price forecast analysis factors in Fed rate expectations, indicating that hawkish surprises could push UVIX above 12 USD temporarily. Volatility spikes historically correlate with policy uncertainty, offering traders possible short-window opportunities.