| LABD latest price $26.4000 (1.19%) ($25.1500 - $26.7000) on Fri. Oct. 20, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.02% (three month average) |
RSI | 64 |
Latest Price | $26.4000(1.19%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 2.5% a day on average for past five trading days. |
Weekly Trend | LABD advances 5.5% 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(40%) VXX(32%) VIXM(25%) UUP(16%) USO(5%) |
Factors Impacting LABD price | LABD will decline at least -2.01% in a week (0% probabilities). IBB(-93%) ARKG(-88%) IWO(-85%) IWM(-83%) IWN(-80%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.01% (StdDev 4.02%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.5% |
| |
|
|