| LABU latest price $16.2200 (-2.17%) ($14.3300 - $17.4100) on Mon. Mar. 23, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 9.53% (three month average) |
RSI | 30 |
Latest Price | $16.2200(-2.17%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.1% a day on average for past five trading days. |
Weekly Trend | LABU declines -41.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) IBB(90%) ARKG(89%) ARKK(82%) IWO(81%) IPO(75%) |
Factors Impacting LABU price | LABU will decline at least -4.765% in a week (0% probabilities). VXX(-51%) VIXM(-49%) UUP(-14%) TLT(-7%) IGOV(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -4.765% (StdDev 9.53%) |
Hourly BBV | -1.1 () |
Intraday Trend | -2.6% |
| |
|
|