| LABU latest price $51.2200 (4.02%) ($46.7000 - $51.4800) on Tue. Jun. 2, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 11.43% (three month average) |
RSI | 57 |
Latest Price | $51.2200(4.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 1.1% a day on average for past five trading days. |
Weekly Trend | LABU advances 1.7% 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(90%) ARKG(88%) ARKK(81%) IWO(81%) IPO(73%) |
Factors Impacting LABU price | LABU will decline at least -5.715% in a week (0% probabilities). VIXM(-48%) VXX(-46%) UUP(-23%) XLC(-2%) IYT(-2%) |
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 | -5.715% (StdDev 11.43%) |
Hourly BBV | 1.5 () |
Intraday Trend | 4.7% |
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