| LABD latest price $23.4000 (-4.06%) ($23.3200 - $24.8600) on Fri. Oct. 13, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.94% (three month average) |
RSI | 57 |
Latest Price | $23.4000(-4.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 2.1% a day on average for past five trading days. |
Weekly Trend | LABD advances 4.6% 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(30%) VIXM(23%) UUP(16%) USO(5%) |
Factors Impacting LABD price | LABD will decline at least -1.97% in a week (0% probabilities). IBB(-92%) ARKG(-87%) IWO(-82%) IWM(-80%) IWN(-78%) |
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 | -1.97% (StdDev 3.94%) |
Hourly BBV | 0.3 () |
Intraday Trend | -3.2% |
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