| LABU latest price $65.4300 (-6.11%) ($65.3300 - $70.5100) on Wed. Oct. 14, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.32% (three month average) |
RSI | 75 |
Latest Price | $65.4300(-6.11%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.5% a day on average for past five trading days. |
Weekly Trend | LABU advances 12.9% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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 -3.16% in a week (0% probabilities). VIXM(-49%) VXX(-46%) UUP(-22%) EDOC(-4%) TBT(-2%) |
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 | -3.16% (StdDev 6.32%) |
Hourly BBV | -1.3 () |
Intraday Trend | -6.1% |
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