| LABU latest price $70.6900 (-5.7%) ($70.5900 - $77.0090) on Wed. Nov. 18, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.3% (three month average) |
RSI | 69 |
Latest Price | $70.6900(-5.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.3% a day on average for past five trading days. |
Weekly Trend | LABU advances 10.7% 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%) IWC(75%) |
Factors Impacting LABU price | LABU will decline at least -3.15% 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 | -3.15% (StdDev 6.3%) |
Hourly BBV | -0.5 () |
Intraday Trend | -6.3% |
| |
|
|