| LABU latest price $72.6400 (3.96%) ($69.0500 - $73.7900) on Mon. Jul. 20, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.3% (three month average) |
RSI | 73 |
Latest Price | $72.6400(3.96%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 4.2% a day on average for past five trading days. |
Weekly Trend | LABU advances 6.7% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth 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(88%) IWO(82%) ARKK(81%) IWC(74%) |
Factors Impacting LABU price | LABU will decline at least -3.15% in a week (0% probabilities). VIXM(-48%) 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 | -3.15% (StdDev 6.3%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.9% |
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