| LABD latest price $24.0500 (9.82%) ($22.0700 - $24.1600) on Wed. Nov. 9, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.32% (three month average) |
RSI | 45 |
Latest Price | $24.0500(9.82%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 3% a day on average for past five trading days. |
Weekly Trend | LABD declines -0.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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 -3.66% 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 | -3.66% (StdDev 7.32%) |
Hourly BBV | 2 () |
Intraday Trend | 7.3% |
| |
|
|