| BL latest price $104.9800 (-5.72%) ($104.8400 - $110.7500) on Mon. Nov. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.3% (three month average) |
RSI | 54 |
Latest Price | $104.9800(-5.72%) |
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 6% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value 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%) IWO(63%) IBUY(62%) IPO(62%) IWF(62%) |
Factors Impacting BL price | BL will decline at least -1.65% in a week (0% probabilities). VIXM(-33%) UUP(-28%) VXX(-15%) TBT(-13%) EDOC(-5%) |
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 | -1.65% (StdDev 3.3%) |
Hourly BBV | 0 () |
Intraday Trend | -3.7% |
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