| APPS latest price $22.5900 (6.21%) ($21.6600 - $24.4200) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.65% (three month average) |
RSI | 83 |
Latest Price | $22.5900(6.21%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | APPS advances 10.6% a day on average for past five trading days. |
Weekly Trend | APPS advances 22.9% 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 APPS advance at 0% a week (0% probability) ARKK(61%) IBUY(61%) IWO(60%) SKYY(60%) IPO(58%) |
Factors Impacting APPS price | APPS will decline at least -3.325% in a week (0% probabilities). VIXM(-31%) UUP(-28%) VXX(-12%) TBT(-11%) IYT(-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 | -3.325% (StdDev 6.65%) |
Hourly BBV | 0 () |
Intraday Trend | 3.1% |
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