| LABU latest price $74.9600 (2.21%) ($69.5000 - $75.1300) on Tue. Nov. 17, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.26% (three month average) |
RSI | 76 |
Latest Price | $74.9600(2.21%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 2.2% a day on average for past five trading days. |
Weekly Trend | LABU advances 13% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Growth stock 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%) IWC(75%) |
Factors Impacting LABU price | LABU will decline at least -3.13% in a week (0% probabilities). VIXM(-50%) VXX(-46%) UUP(-22%) EDOC(-8%) TBT(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.13% (StdDev 6.26%) |
Hourly BBV | 2 () |
Intraday Trend | 3.5% |
| |
|
|