| LABD latest price $48.4400 (-0.98%) ($48.0200 - $50.1200) on Fri. Oct. 23, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.32% (three month average) |
RSI | 44 |
Latest Price | $48.4400(-0.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 1.3% a day on average for past five trading days. |
Weekly Trend | LABD advances 1.2% 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 LABD advance at 0% a week (0% probability) VIXM(38%) UUP(19%) VXX(16%) EDOC(6%) TBT(6%) |
Factors Impacting LABD price | LABD will decline at least -3.16% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.16% (StdDev 6.32%) |
Hourly BBV | -1.3 () |
Intraday Trend | 0.4% |
| |
|
|