| LABD latest price $16.4000 (-0.06%) ($15.8200 - $16.7600) on Wed. Aug. 9, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.01% (three month average) |
RSI | 70 |
Latest Price | $16.4000(-0.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 1.9% a day on average for past five trading days. |
Weekly Trend | LABD advances 7.4% 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) TBT(34%) VXX(28%) VIXM(22%) UUP(19%) USO(-1%) |
Factors Impacting LABD price | LABD will decline at least -2.005% in a week (0% probabilities). IBB(-90%) ARKG(-85%) IWO(-77%) IWM(-75%) IWN(-72%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.005% (StdDev 4.01%) |
Hourly BBV | -0.2 () |
Intraday Trend | 0.7% |
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