| BL latest price $60.7400 (2.08%) ($58.8700 - $61.5700) on Thu. Apr. 30, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.62% (three month average) |
RSI | 70 |
Latest Price | $60.7400(2.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 0.7% a day on average for past five trading days. |
Weekly Trend | BL advances 2.7% a week on average for past two weeks. |
Market Behavior | Value stocks 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(65%) IPO(62%) IWF(61%) IBUY(60%) IVW(59%) |
Factors Impacting BL price | BL will decline at least -2.31% in a week (0% probabilities). VIXM(-32%) UUP(-27%) VXX(-16%) TBT(-10%) IGOV(3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.31% (StdDev 4.62%) |
Hourly BBV | 0 () |
Intraday Trend | 2.8% |
| |
|
|