| LABU latest price $67.3700 (4.82%) ($62.0800 - $67.7800) on Tue. Nov. 10, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.58% (three month average) |
RSI | 64 |
Latest Price | $67.3700(4.82%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 2.9% a day on average for past five trading days. |
Weekly Trend | LABU advances 6.7% 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 -3.29% 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 | -3.29% (StdDev 6.58%) |
Hourly BBV | 1.3 () |
Intraday Trend | 4.4% |
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