| LABU latest price $41.5500 (10.1%) ($37.6640 - $41.9050) on Fri. Apr. 24, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 11.33% (three month average) |
RSI | 83 |
Latest Price | $41.5500(10.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 3.3% a day on average for past five trading days. |
Weekly Trend | LABU advances 26.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) IBB(90%) ARKG(88%) ARKK(81%) IWO(80%) IPO(73%) |
Factors Impacting LABU price | LABU will decline at least -5.665% in a week (0% probabilities). VIXM(-48%) VXX(-47%) UUP(-22%) TLT(-3%) XLC(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -5.665% (StdDev 11.33%) |
Hourly BBV | 2.1 () |
Intraday Trend | 7.4% |
| |
|
|