| LABD latest price $13.9900 (-7.41%) ($13.8800 - $14.8400) on Fri. Jul. 28, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.47% (three month average) |
RSI | 53 |
Latest Price | $13.9900(-7.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 0.7% a day on average for past five trading days. |
Weekly Trend | LABD advances 2.8% 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) TBT(36%) VXX(30%) VIXM(24%) UUP(20%) EDOC(13%) |
Factors Impacting LABD price | LABD will decline at least -2.235% in a week (0% probabilities). IBB(-90%) ARKG(-85%) IWO(-77%) IWM(-75%) IWN(-71%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.235% (StdDev 4.47%) |
Hourly BBV | -1.5 () |
Intraday Trend | -4.7% |
| |
|
|