| BL latest price $52.3400 (-0.61%) ($52.3400 - $52.3400) on Thu. Aug. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.45% (three month average) |
RSI | 45 |
Latest Price | $52.3400(-0.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 0.6% a day on average for past five trading days. |
Weekly Trend | BL advances 0.5% 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) SMH(84%) IVW(74%) SPY(71%) IVE(69%) JNK(69%) |
Factors Impacting BL price | BL will decline at least -1.225% in a week (0% probabilities). VXX(-74%) VIXM(-71%) TBT(-40%) UUP(-31%) XBI(-12%) |
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 | -1.225% (StdDev 2.45%) |
Hourly BBV | 0.6 () |
Intraday Trend | 0% |
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