| BL latest price $52.8200 (-3.35%) ($51.1600 - $54.4200) on Fri. Mar. 27, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.54% (three month average) |
RSI | 44 |
Latest Price | $52.8200(-3.35%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 2.6% a day on average for past five trading days. |
Weekly Trend | BL declines -6% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support BL advance at 0% a week (0% probability) SKYY(64%) IPO(62%) IBUY(60%) IWF(59%) QQQ(59%) |
Factors Impacting BL price | BL will decline at least -2.27% in a week (0% probabilities). VIXM(-33%) UUP(-24%) VXX(-17%) TBT(-8%) IGOV(3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.27% (StdDev 4.54%) |
Hourly BBV | 0 () |
Intraday Trend | 0% |
| |
|
|