| APPS latest price $37.3200 (8.96%) ($34.2260 - $37.3700) on Wed. Nov. 4, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.3% (three month average) |
RSI | 48 |
Latest Price | $37.3200(8.96%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | APPS advances 4.7% a day on average for past five trading days. |
Weekly Trend | APPS declines -5.4% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support APPS advance at 0% a week (0% probability) ARKK(63%) IBUY(63%) SKYY(62%) IWO(61%) ARKG(59%) |
Factors Impacting APPS price | APPS will decline at least -3.15% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.15% (StdDev 6.3%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0% |
| |
|
|