| LABU latest price $56.3500 (2.06%) ($53.1400 - $56.3500) on Tue. Aug. 3, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.91% (three month average) |
RSI | 48 |
Latest Price | $56.3500(2.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.8% a day on average for past five trading days. |
Weekly Trend | LABU declines -2.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) ARKG(91%) IBB(90%) ARKK(83%) IWO(83%) IPO(77%) |
Factors Impacting LABU price | LABU will decline at least -2.455% in a week (0% probabilities). VIXM(-61%) VXX(-49%) UUP(-23%) UNG(-3%) USO(-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 | -2.455% (StdDev 4.91%) |
Hourly BBV | -0.1 () |
Intraday Trend | 0.6% |
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