| LABD latest price $22.6500 (6.84%) ($20.5200 - $22.7100) on Mon. Dec. 28, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.42% (three month average) |
RSI | 31 |
Latest Price | $22.6500(6.84%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 0.2% a day on average for past five trading days. |
Weekly Trend | LABD declines -10.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support LABD advance at 0% a week (0% probability) VIXM(38%) UUP(20%) VXX(15%) TBT(5%) UNG(2%) |
Factors Impacting LABD price | LABD will decline at least -2.71% in a week (0% probabilities). IBB(-89%) IWO(-81%) XBI(-78%) IWC(-76%) IWM(-75%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.71% (StdDev 5.42%) |
Hourly BBV | 0.6 () |
Intraday Trend | 9.4% |
| |
|
|