| BL latest price $104.2900 (1.38%) ($104.2900 - $104.2900) on Thu. Jun. 10, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.93% (three month average) |
RSI | 47 |
Latest Price | $104.2900(1.38%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 0.6% a day on average for past five trading days. |
Weekly Trend | BL declines -0.6% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support BL advance at 0% a week (0% probability) IWO(64%) SKYY(63%) IWF(62%) IBUY(61%) IPO(61%) |
Factors Impacting BL price | BL will decline at least -0.965% in a week (0% probabilities). VIXM(-35%) UUP(-28%) VXX(-14%) TBT(-9%) IGOV(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.965% (StdDev 1.93%) |
Hourly BBV | 2 () |
Intraday Trend | 0% |
| |
|
|