| LABU latest price $122.7800 (5.36%) ($111.0600 - $123.1000) on Mon. Dec. 21, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.49% (three month average) |
RSI | 82 |
Latest Price | $122.7800(5.36%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 1.7% a day on average for past five trading days. |
Weekly Trend | LABU advances 13.3% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) IBB(90%) ARKG(89%) IWO(83%) ARKK(82%) IPO(75%) |
Factors Impacting LABU price | LABU will decline at least -2.745% in a week (0% probabilities). VIXM(-51%) VXX(-46%) UUP(-22%) TBT(-1%) UNG(-0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.745% (StdDev 5.49%) |
Hourly BBV | 1.7 () |
Intraday Trend | 9.9% |
| |
|
|