| BL latest price $51.1100 (1.45%) ($51.1100 - $51.1100) on Wed. Aug. 16, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.53% (three month average) |
RSI | 40 |
Latest Price | $51.1100(1.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 1% a day on average for past five trading days. |
Weekly Trend | BL declines -5% 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) SPY(80%) QQQ(67%) DIA(64%) IVE(64%) BOTZ(59%) |
Factors Impacting BL price | BL will decline at least -1.265% in a week (0% probabilities). VXX(-70%) VIXM(-64%) UUP(-25%) USO(-18%) TBT(-13%) |
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 | -1.265% (StdDev 2.53%) |
Hourly BBV | -0.4 () |
Intraday Trend | 0% |
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