| BJK latest price $33.1650 (0.32%) ($33.1000 - $33.2600) on Fri. Jul. 10, 2020. |
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| Trend Analysis and Forecast |
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Trend Pattern | Growing Downtrend |
Trend Narrative | Downtrend Consolidation |
Average Daily Price Swing | $0.99 (2.81% one month average) |
Average Daily Percentage Swing | 3.26% (three month average) |
Weekly Trend Force | -0.6% (StdDev 3.26%) |
Daily Moving Force | -0.6% |
Rebound Strength | None(0%) |
Trend | -0.48% |
Latest Price | $33.1650(0.32%) |
Forecasted Low Price | 32.5(-2%) |
Forecasted High Price | 33.43(0.8%) |
Direction of Next Movement | Range(-1.2%) |
% Change Needed to Confirm Rebound | 1.7% ((33.74)) |
% Change Needed for Trend Reversal | 3.5% |
Hourly Trend | -0.6% [$33.15(-0.2), $33.36(-0.31)] |
Complacency | 0 |
Intraday Reversal Probability | N/A. |
Daily Trend | BJK advances 0.2% a day on average for past five trading days. |
Weekly Trend | BJK declines -3.1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support BJK decline at-0.2% a week (70% probability) VXX(15%) UUP(14%) VIXM(13%) FEX(11%) TLT(11%) |
Factors Impacting BJK price | BJK will decline at least -0.2% in a week (22% probabilities). XLF(-23%) SILJ(-23%) XLRE(-22%) XLB(-22%) GDXJ(-22%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
Trading Plan | Not Available |
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Valuation to SPY | -1.5 |
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Relative Volatility | -1.6 (options are cheap) |
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Market Trend Strength | -1% (StdDev 3.26%) |
Hourly BBV | -0.7 () |
Intraday Trend | 0% |
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