| LABU latest price $58.4700 (-2.5%) ($56.1900 - $60.7400) on Tue. Aug. 18, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.85% (three month average) |
RSI | 56 |
Latest Price | $58.4700(-2.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 1.9% a day on average for past five trading days. |
Weekly Trend | LABU declines -1% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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 -2.925% in a week (0% probabilities). VIXM(-48%) VXX(-46%) UUP(-23%) XLC(-6%) 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 | -2.925% (StdDev 5.85%) |
Hourly BBV | 0.7 () |
Intraday Trend | -3% |
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