| LABD latest price $49.8400 (-8.21%) ($48.4200 - $53.9500) on Tue. Nov. 3, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.09% (three month average) |
RSI | 59 |
Latest Price | $49.8400(-8.21%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 0.7% a day on average for past five trading days. |
Weekly Trend | LABD advances 5.5% 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 -3.045% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.045% (StdDev 6.09%) |
Hourly BBV | -2.7 () |
Intraday Trend | -6.5% |
| |
|
|