| BL latest price $53.9850 (0.79%) ($53.9850 - $53.9850) on Mon. May. 22, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.67% (three month average) |
RSI | 55 |
Latest Price | $53.9850(0.79%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 0.3% a day on average for past five trading days. |
Weekly Trend | BL advances 1.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support BL advance at 0% a week (0% probability) ARKK(54%) BOTZ(52%) ARKG(41%) ACES(38%) BLOK(38%) |
Factors Impacting BL price | BL will decline at least -1.335% in a week (0% probabilities). VXX(-12%) IGOV(-11%) VIXM(-9%) SHY(-8%) EMHY(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.335% (StdDev 2.67%) |
Hourly BBV | 0.1 () |
Intraday Trend | 0% |
| |
|
|