| LABU latest price $56.6400 (0.35%) ($56.6000 - $60.0000) on Mon. Dec. 9, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.11% (three month average) |
RSI | 84 |
Latest Price | $56.6400(0.35%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 1.3% a day on average for past five trading days. |
Weekly Trend | LABU advances 11% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock sell-off 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(76%) |
Factors Impacting LABU price | LABU will decline at least -2.055% in a week (0% probabilities). VXX(-55%) VIXM(-53%) TLT(-11%) UUP(-8%) IGOV(-0%) |
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 | -2.055% (StdDev 4.11%) |
Hourly BBV | 0.3 () |
Intraday Trend | -3.8% |
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