| BL latest price $70.3200 (-1.46%) ($68.8500 - $70.5100) on Mon. Aug. 22, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.53% (three month average) |
RSI | 65 |
Latest Price | $70.3200(-1.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 0.1% a day on average for past five trading days. |
Weekly Trend | BL advances 3.9% 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(57%) IVW(56%) IWM(56%) IWF(55%) SPY(55%) |
Factors Impacting BL price | BL will decline at least -1.765% in a week (0% probabilities). UUP(-34%) VIXM(-17%) TBT(-17%) VXX(-9%) 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 | -1.765% (StdDev 3.53%) |
Hourly BBV | -0.8 () |
Intraday Trend | 0% |
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