| BJK latest price $33.6900 (0.75%) ($33.0900 - $33.8600) on Wed. Jul. 8, 2020. |
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| Trend Analysis and Forecast |
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Trend Pattern | Growing Downtrend |
Trend Narrative | Downtrend |
Average Daily Price Swing | $1.14 (3.23% one month average) |
Average Daily Percentage Swing | 3.34% (three month average) |
Weekly Trend Force | -0.4% (StdDev 3.34%) |
Daily Moving Force | % |
Rebound Strength | None(0%) |
Trend | -0.62% |
Trend Strength | -2.9% |
RSI | 28 |
Momentum | 1 |
Latest Price | $33.6900(0.75%) |
Forecasted Low Price | 33.29(-1.2%) |
Forecasted High Price | 33.96(0.8%) |
Direction of Next Movement | Higher(8%) |
% Change Needed to Confirm Rebound | 2.6% ((34.56)) |
% Change Needed for Trend Reversal | 3.5% |
Hourly Trend | 0% [$33.57(0), $33.6(0)] |
Stocks Behave Similarly | Similar Stock List |
Complacency | 0 |
Intraday Reversal Probability | N/A. |
Daily Trend | BJK advances 25% a day on average for past five trading days. |
Weekly Trend | BJK declines -4.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support BJK advance at 8.5% a week (70% probability) FEX(16%) VXX(14%) BNDX(13%) TLT(11%) VIXM(11%) |
Factors Impacting BJK price | BJK will decline at least -0.1% in a week (19% probabilities). EWY(-21%) XLY(-19%) XLF(-19%) XLI(-18%) XLB(-18%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
Trading Plan | Not Available |
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Valuation to SPY | -1 |
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Relative Volatility | -1.8 (options are cheap) |
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Market Trend Strength | 8% (StdDev 3.34%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0% |
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