| BL latest price $58.0900 (2.52%) ($56.3000 - $58.0900) on Mon. Jul. 31, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.34% (three month average) |
RSI | 61 |
Latest Price | $58.0900(2.52%) |
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 0.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support BL advance at 0% a week (0% probability) SPY(66%) IVE(65%) IVW(65%) DIA(64%) SKYY(64%) |
Factors Impacting BL price | BL will decline at least -1.17% in a week (0% probabilities). VXX(-64%) VIXM(-62%) UUP(-23%) TBT(-16%) IGOV(-3%) |
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 | -1.17% (StdDev 2.34%) |
Hourly BBV | 1.8 () |
Intraday Trend | 0% |
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