| BL latest price $69.5750 (2.36%) ($69.5750 - $69.5750) on Fri. Aug. 12, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.83% (three month average) |
RSI | 64 |
Latest Price | $69.5750(2.36%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 0.7% a day on average for past five trading days. |
Weekly Trend | BL advances 3.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support BL advance at 0% a week (0% probability) IWO(58%) IVW(57%) IWF(57%) IWM(57%) SPY(56%) |
Factors Impacting BL price | BL will decline at least -1.915% in a week (0% probabilities). UUP(-34%) VIXM(-18%) TBT(-17%) VXX(-9%) EDOC(8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.915% (StdDev 3.83%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0% |
| |
|
|