| LABD latest price $73.1700 (-6.74%) ($71.7600 - $76.5100) on Wed. Sep. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.93% (three month average) |
RSI | 64 |
Latest Price | $73.1700(-6.74%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 1.6% a day on average for past five trading days. |
Weekly Trend | LABD advances 5.8% 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 LABD advance at 0% a week (0% probability) VIXM(37%) UUP(20%) VXX(16%) TBT(5%) EDOC(3%) |
Factors Impacting LABD price | LABD will decline at least -2.965% in a week (0% probabilities). IBB(-89%) IWO(-81%) XBI(-79%) IWC(-75%) IWM(-74%) |
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 | -2.965% (StdDev 5.93%) |
Hourly BBV | -0 () |
Intraday Trend | -4.2% |
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