| BL latest price $52.6600 (1.86%) ($51.6200 - $52.6600) on Wed. Aug. 23, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.46% (three month average) |
RSI | 44 |
Latest Price | $52.6600(1.86%) |
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 -0.7% 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) SMH(78%) IVW(74%) SPY(71%) IVE(69%) JNK(69%) |
Factors Impacting BL price | BL will decline at least -1.23% in a week (0% probabilities). VXX(-74%) VIXM(-71%) TBT(-40%) UUP(-30%) EDOC(-25%) |
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 | -1.23% (StdDev 2.46%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
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