| LABD latest price $50.9800 (-2.73%) ($49.8300 - $54.3600) on Thu. Oct. 29, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.23% (three month average) |
RSI | 61 |
Latest Price | $50.9800(-2.73%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 0.9% a day on average for past five trading days. |
Weekly Trend | LABD advances 4.8% 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(38%) UUP(20%) VXX(16%) EDOC(6%) TBT(6%) |
Factors Impacting LABD price | LABD will decline at least -3.115% 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 | -3.115% (StdDev 6.23%) |
Hourly BBV | -0.4 () |
Intraday Trend | -2.5% |
| |
|
|