| LABU latest price $55.6900 (4%) ($53.1000 - $55.6900) on Thu. Oct. 1, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.04% (three month average) |
RSI | 68 |
Latest Price | $55.6900(4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 2.6% a day on average for past five trading days. |
Weekly Trend | LABU declines -1.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) IBB(90%) ARKG(88%) IWO(83%) ARKK(81%) IPO(74%) |
Factors Impacting LABU price | LABU will decline at least -3.02% in a week (0% probabilities). VIXM(-50%) VXX(-46%) UUP(-22%) EDOC(-3%) DRIV(-3%) |
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 | -3.02% (StdDev 6.04%) |
Hourly BBV | 1.1 () |
Intraday Trend | 2.6% |
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