| BL latest price $87.7500 (-0.36%) ($87.3700 - $90.7000) on Mon. Jul. 6, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.56% (three month average) |
RSI | 79 |
Latest Price | $87.7500(-0.36%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 1.4% a day on average for past five trading days. |
Weekly Trend | BL advances 4.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support BL advance at 0% a week (0% probability) SKYY(64%) IPO(62%) IWF(61%) IWO(61%) IBUY(60%) |
Factors Impacting BL price | BL will decline at least -1.28% in a week (0% probabilities). VIXM(-31%) UUP(-27%) VXX(-15%) TBT(-12%) IYT(2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.28% (StdDev 2.56%) |
Hourly BBV | 0 () |
Intraday Trend | -2% |
| |
|
|