| LABU latest price $105.8700 (5.69%) ($97.7810 - $110.0000) on Wed. Jan. 6, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.26% (three month average) |
RSI | 46 |
Latest Price | $105.8700(5.69%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.5% a day on average for past five trading days. |
Weekly Trend | LABU declines -5.8% 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) ARKG(90%) IBB(90%) IWO(83%) ARKK(82%) IWC(76%) |
Factors Impacting LABU price | LABU will decline at least -2.63% in a week (0% probabilities). VIXM(-51%) VXX(-47%) UUP(-22%) UNG(-1%) TBT(-1%) |
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 | -2.63% (StdDev 5.26%) |
Hourly BBV | 1 () |
Intraday Trend | 7.6% |
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