| LABD latest price $21.9000 (-2.84%) ($20.7000 - $22.7300) on Tue. Nov. 8, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.33% (three month average) |
RSI | 40 |
Latest Price | $21.9000(-2.84%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 2.1% a day on average for past five trading days. |
Weekly Trend | LABD declines -3.9% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support LABD advance at 0% a week (0% probability) VIXM(12%) UUP(10%) UNG(9%) VXX(8%) TBT(7%) |
Factors Impacting LABD price | LABD will decline at least -3.665% in a week (0% probabilities). IBB(-87%) IWO(-76%) IWC(-74%) IWM(-73%) IWN(-68%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.665% (StdDev 7.33%) |
Hourly BBV | 0.1 () |
Intraday Trend | -1.5% |
| |
|
|