| LABU latest price $125.5400 (2.25%) ($121.6220 - $129.2700) on Tue. Dec. 22, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.5% (three month average) |
RSI | 83 |
Latest Price | $125.5400(2.25%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 2.1% a day on average for past five trading days. |
Weekly Trend | LABU advances 12.6% 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(89%) IWO(83%) ARKK(82%) IPO(75%) |
Factors Impacting LABU price | LABU will decline at least -2.75% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.75% (StdDev 5.5%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.6% |
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