| BL latest price $102.5200 (1.5%) ($101.1900 - $105.0700) on Mon. Oct. 19, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.3% (three month average) |
RSI | 72 |
Latest Price | $102.5200(1.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 0.8% a day on average for past five trading days. |
Weekly Trend | BL advances 5.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support BL advance at 0% a week (0% probability) IWO(63%) SKYY(63%) IPO(62%) IBUY(61%) IWF(61%) |
Factors Impacting BL price | BL will decline at least -1.65% in a week (0% probabilities). VIXM(-32%) UUP(-27%) VXX(-15%) TBT(-13%) EDOC(-5%) |
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 | -1.65% (StdDev 3.3%) |
Hourly BBV | 0 () |
Intraday Trend | 1.1% |
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