| LABU latest price $58.6400 (3.53%) ($55.8900 - $58.7400) on Tue. Dec. 10, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4% (three month average) |
RSI | 81 |
Latest Price | $58.6400(3.53%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 1.2% a day on average for past five trading days. |
Weekly Trend | LABU advances 9.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal 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% 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% (StdDev 4%) |
Hourly BBV | 1 () |
Intraday Trend | 3.5% |
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