| LABU latest price $63.7000 (-3.19%) ($62.9700 - $67.2500) on Fri. Jul. 10, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.7% (three month average) |
RSI | 64 |
Latest Price | $63.7000(-3.19%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.9% a day on average for past five trading days. |
Weekly Trend | LABU advances 3.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) IBB(90%) ARKG(88%) IWO(82%) ARKK(81%) IPO(73%) |
Factors Impacting LABU price | LABU will decline at least -3.35% in a week (0% probabilities). VIXM(-47%) VXX(-46%) UUP(-23%) XLC(-5%) IYT(-5%) |
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 | -3.35% (StdDev 6.7%) |
Hourly BBV | -1.4 () |
Intraday Trend | -3.1% |
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