| BL latest price $90.8500 (2.18%) ($88.1200 - $91.6200) on Mon. Aug. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.5% (three month average) |
RSI | 66 |
Latest Price | $90.8500(2.18%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 1% a day on average for past five trading days. |
Weekly Trend | BL advances 1.6% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support BL advance at 0% a week (0% probability) SKYY(64%) IPO(62%) IWO(61%) IBUY(60%) IWF(60%) |
Factors Impacting BL price | BL will decline at least -1.25% in a week (0% probabilities). VIXM(-31%) UUP(-27%) VXX(-14%) TBT(-12%) IGOV(1%) |
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 | -1.25% (StdDev 2.5%) |
Hourly BBV | 0 () |
Intraday Trend | 1.1% |
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