| LABD latest price $22.9000 (-2.14%) ($22.2000 - $24.3600) on Mon. Oct. 16, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.96% (three month average) |
RSI | 63 |
Latest Price | $22.9000(-2.14%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 1.2% a day on average for past five trading days. |
Weekly Trend | LABD advances 4.8% 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(37%) VXX(32%) VIXM(25%) UUP(16%) USO(6%) |
Factors Impacting LABD price | LABD will decline at least -1.98% in a week (0% probabilities). IBB(-93%) ARKG(-88%) IWO(-84%) IWM(-82%) IWN(-80%) |
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 | -1.98% (StdDev 3.96%) |
Hourly BBV | -1.3 () |
Intraday Trend | -2.6% |
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