| APPS latest price $34.4100 (-2.22%) ($33.4000 - $36.2000) on Fri. Oct. 2, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.82% (three month average) |
RSI | 80 |
Latest Price | $34.4100(-2.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | APPS advances 2.5% a day on average for past five trading days. |
Weekly Trend | APPS advances 4.8% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support APPS advance at 0% a week (0% probability) IBUY(63%) ARKK(62%) SKYY(62%) IWO(61%) IPO(59%) |
Factors Impacting APPS price | APPS will decline at least -2.91% in a week (0% probabilities). VIXM(-33%) UUP(-30%) VXX(-12%) TBT(-11%) EDOC(-5%) |
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 | -2.91% (StdDev 5.82%) |
Hourly BBV | 0.4 () |
Intraday Trend | 0% |
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