| PRLB latest price $207.8700 (7.73%) ($196.1200 - $213.3950) on Mon. Jan. 25, 2021. |
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| Trend Analysis and Forecast |
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Trend Pattern | Overbought |
Trend Narrative | Uptrend |
Average Daily Price Swing | $15.38 (8.81% one month average) |
Average Daily Percentage Swing | 3.82% (three month average) |
Weekly Trend Force | 1.2% (StdDev 3.82%) |
Daily Moving Force | 3% |
Correction Force | Weak (0%) |
Trend | 1.26% |
Trend Strength | 5.2% |
Latest Price | $207.8700(7.73%) |
Forecasted Low Price | 205.79(-1%) |
Forecasted High Price | 218.68(5.2%) |
Direction of Next Movement | Higher(4%) |
% Change Needed to Confirm Correction | 15.2% (180.45) |
% Change Needed for Trend Reversal | 15.1% |
Hourly Trend | 2.3% [$197.21(4.59), $194.23(6.42)] |
Stocks Behave Similarly | Similar Stock List |
Complacency | 6 |
Intraday Reversal Probability | There's a high probability the price will reverse sharply to downside intraday or next day.. |
Daily Trend | PRLB advances 4.3% a day on average for past five trading days. |
Weekly Trend | PRLB advances 7.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support PRLB advance at 0.3% a week (52% probability) IWO(61%) ARKK(51%) IWM(51%) XBI(49%) FIVG(48%) |
Factors Impacting PRLB price | PRLB will decline at least -0.5% in a week (26% probabilities). VXX(-34%) ROBT(-30%) VIXM(-24%) UNG(-13%) TLT(-13%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
Trading Plan | Not Available |
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Valuation to SPY | 2.3 |
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Relative Volatility | 1.9 (options are extremely expensive) |
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Market Trend Strength | 1% (StdDev 3.82%) |
Hourly BBV | 2.4 () |
Intraday Trend | 5.5% |
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