| LABU latest price $52.0800 (4.41%) ($49.6200 - $52.0800) on Wed. Jul. 3, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.36% (three month average) |
RSI | 67 |
Latest Price | $52.0800(4.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 3.4% a day on average for past five trading days. |
Weekly Trend | LABU advances 4.7% 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 LABU advance at 0% a week (0% probability) IBB(91%) ARKG(88%) ARKK(82%) IWO(82%) IPO(75%) |
Factors Impacting LABU price | LABU will decline at least -2.68% in a week (0% probabilities). VXX(-55%) VIXM(-53%) TLT(-13%) UUP(-7%) IFRA(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.68% (StdDev 5.36%) |
Hourly BBV | 0 () |
Intraday Trend | 3.4% |
| |
|
|