| LABU latest price $69.4000 (13.21%) ($61.1800 - $71.4200) on Mon. Jun. 7, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7% (three month average) |
RSI | 62 |
Latest Price | $69.4000(13.21%) |
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 1.5% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) ARKG(91%) IBB(89%) ARKK(82%) IWO(82%) IPO(76%) |
Factors Impacting LABU price | LABU will decline at least -3.5% in a week (0% probabilities). VIXM(-59%) VXX(-48%) UUP(-23%) TLT(-3%) UNG(-2%) |
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 | -3.5% (StdDev 7%) |
Hourly BBV | 1.9 () |
Intraday Trend | 12.4% |
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