| ADAP latest price $10.7800 (6.94%) ($9.8300 - $10.7900) on Wed. Sep. 16, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.49% (three month average) |
RSI | 69 |
Latest Price | $10.7800(6.94%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ADAP advances 6.3% a day on average for past five trading days. |
Weekly Trend | ADAP advances 6.5% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ADAP advance at 0% a week (0% probability) XLRE(27%) IWC(23%) IWM(23%) IWN(23%) SDY(23%) |
Factors Impacting ADAP price | ADAP will decline at least -2.245% in a week (0% probabilities). TLT(-13%) TIP(-13%) BNDX(-13%) BND(-11%) IPO(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.245% (StdDev 4.49%) |
Hourly BBV | 0 () |
Intraday Trend | 6.9% |
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