| LABD latest price $17.8200 (-6.46%) ($17.2500 - $19.3600) on Wed. Dec. 21, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.14% (three month average) |
RSI | 51 |
Latest Price | $17.8200(-6.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 0.1% a day on average for past five trading days. |
Weekly Trend | LABD advances 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) UNG(9%) VIXM(8%) VXX(8%) ARKK(4%) ARKG(3%) |
Factors Impacting LABD price | LABD will decline at least -3.57% in a week (0% probabilities). IBB(-86%) IWO(-73%) IWC(-72%) IWM(-70%) IWN(-65%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.57% (StdDev 7.14%) |
Hourly BBV | -1 () |
Intraday Trend | -4.8% |
| |
|
|