| LABD latest price $54.1900 (6.3%) ($51.0000 - $55.8300) on Fri. Oct. 30, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.26% (three month average) |
RSI | 64 |
Latest Price | $54.1900(6.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 2.3% a day on average for past five trading days. |
Weekly Trend | LABD advances 6.1% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based sell-off 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(5%) |
Factors Impacting LABD price | LABD will decline at least -3.13% 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 | -3.13% (StdDev 6.26%) |
Hourly BBV | 1.5 () |
Intraday Trend | 3.4% |
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