| LABD latest price $24.4900 (-4%) ($23.6800 - $25.2200) on Fri. May. 7, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.57% (three month average) |
RSI | 48 |
Latest Price | $24.4900(-4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 3.7% a day on average for past five trading days. |
Weekly Trend | LABD advances 3% 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(40%) UUP(20%) VXX(15%) TBT(4%) UNG(3%) |
Factors Impacting LABD price | LABD will decline at least -3.785% in a week (0% probabilities). IBB(-88%) IWO(-81%) IWC(-76%) XBI(-75%) IWM(-75%) |
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 | -3.785% (StdDev 7.57%) |
Hourly BBV | -0.3 () |
Intraday Trend | -1.8% |
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