| LABU latest price $58.0500 (1.5%) ($56.9600 - $60.3200) on Fri. Dec. 13, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.96% (three month average) |
RSI | 75 |
Latest Price | $58.0500(1.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.6% a day on average for past five trading days. |
Weekly Trend | LABU advances 4.6% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based 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 -1.98% in a week (0% probabilities). VXX(-55%) VIXM(-53%) TLT(-12%) 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 | -1.98% (StdDev 3.96%) |
Hourly BBV | 0.4 () |
Intraday Trend | 0.3% |
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