| BL latest price $55.2850 (4.71%) ($55.2850 - $55.5300) on Fri. Jun. 2, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.84% (three month average) |
RSI | 58 |
Latest Price | $55.2850(4.71%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 2.3% a day on average for past five trading days. |
Weekly Trend | BL declines -0.8% 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) ARKK(52%) BOTZ(51%) ARKG(40%) ACES(38%) BLOK(34%) |
Factors Impacting BL price | BL will decline at least -1.42% in a week (0% probabilities). IGOV(-12%) SHY(-8%) VXX(-6%) VWO(-6%) TIP(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.42% (StdDev 2.84%) |
Hourly BBV | 2 () |
Intraday Trend | 0% |
| |
|
|