| LABD latest price $18.8900 (-1.87%) ($18.3800 - $19.8800) on Thu. Dec. 8, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.34% (three month average) |
RSI | 46 |
Latest Price | $18.8900(-1.87%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 0.8% a day on average for past five trading days. |
Weekly Trend | LABD declines -4.2% 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(10%) UNG(9%) VXX(8%) TBT(3%) UUP(3%) |
Factors Impacting LABD price | LABD will decline at least -3.67% in a week (0% probabilities). IBB(-86%) IWO(-74%) IWC(-72%) IWM(-71%) IWN(-66%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.67% (StdDev 7.34%) |
Hourly BBV | -1 () |
Intraday Trend | 0.4% |
| |
|
|