| BL latest price $56.9500 (2.76%) ($56.9500 - $56.9500) on Tue. Aug. 29, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.44% (three month average) |
RSI | 78 |
Latest Price | $56.9500(2.76%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BL advances 2% a day on average for past five trading days. |
Weekly Trend | BL advances 3.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support BL advance at 0% a week (0% probability) SPY(92%) IVE(83%) DIA(80%) JNK(78%) QQQ(77%) |
Factors Impacting BL price | BL will decline at least -1.22% in a week (0% probabilities). VXX(-85%) VIXM(-80%) TBT(-41%) XBI(-19%) USO(-15%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.22% (StdDev 2.44%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0% |
| |
|
|