| LABU latest price $64.2700 (0.78%) ($63.9200 - $70.9900) on Mon. Nov. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.55% (three month average) |
RSI | 55 |
Latest Price | $64.2700(0.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 3.3% a day on average for past five trading days. |
Weekly Trend | LABU advances 5.2% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value 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(82%) ARKK(81%) IPO(74%) |
Factors Impacting LABU price | LABU will decline at least -3.275% in a week (0% probabilities). VIXM(-50%) VXX(-46%) UUP(-22%) EDOC(-7%) TBT(-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 | -3.275% (StdDev 6.55%) |
Hourly BBV | -0.1 () |
Intraday Trend | -9.5% |
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