| LABU latest price $66.8400 (0.75%) ($65.5500 - $68.3800) on Mon. Oct. 12, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.39% (three month average) |
RSI | 63 |
Latest Price | $66.8400(0.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 2.3% a day on average for past five trading days. |
Weekly Trend | LABU advances 11.4% a week on average for past two weeks. |
Market Behavior | Broad based 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 -3.195% in a week (0% probabilities). VIXM(-49%) VXX(-46%) UUP(-22%) EDOC(-4%) DRIV(-4%) |
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 | -3.195% (StdDev 6.39%) |
Hourly BBV | 1.3 () |
Intraday Trend | -1.2% |
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