| LABD latest price $54.3000 (0.2%) ($52.7600 - $58.0600) on Mon. Nov. 2, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.2% (three month average) |
RSI | 70 |
Latest Price | $54.3000(0.2%) |
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 6.4% 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 -3.1% in a week (0% probabilities). IBB(-89%) IWO(-81%) XBI(-79%) IWM(-74%) IWC(-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 | -3.1% (StdDev 6.2%) |
Hourly BBV | 0.7 () |
Intraday Trend | 2.5% |
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