| BL latest price $74.3500 (7.72%) ($74.3500 - $74.3500) on Wed. Aug. 17, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.76% (three month average) |
RSI | 75 |
Latest Price | $74.3500(7.72%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 1.3% 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 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) IWO(58%) IVW(57%) IWM(57%) IWF(56%) SPY(56%) |
Factors Impacting BL price | BL will decline at least -1.88% in a week (0% probabilities). UUP(-34%) VIXM(-18%) TBT(-17%) VXX(-9%) EDOC(8%) |
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 | -1.88% (StdDev 3.76%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
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