| DLR latest price $35.3100 (3.37%) ($33.0600 - $35.4600) on Mon. Aug. 6, 2007. |
|
|
| Trend Analysis and Forecast |
| |
Trend Pattern | Rebound |
Trend Narrative | Rebound |
Average Daily Price Swing | $2.18 (6.02% one month average) |
Average Daily Percentage Swing | 1.9% (three month average) |
Weekly Trend Force | -0.2% (StdDev 1.9%) |
Daily Moving Force | 0.9% |
Rebound Strength | None(0%) |
Trend | -0.8% |
Latest Price | $35.3100(3.37%) |
Forecasted Low Price | 35.1(-0.6%) |
Forecasted High Price | 35.73(1.2%) |
Direction of Next Movement | Range(0.7%) |
% Change Needed for Trend Reversal | -1.1% |
Hourly Trend | 1% [$34.46(0.36), $33.95(0.26)] |
Complacency | 2 |
Intraday Reversal Probability | N/A. |
Daily Trend | DLR advances 1% a day on average for past five trading days. |
Weekly Trend | DLR declines -4.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support DLR decline at-0.1% a week (57% probability) IWM(59%) SPY(58%) XLY(58%) QQQ(54%) EEM(53%) |
Factors Impacting DLR price | DLR will advance at least -0% in a week (37% probabilities). EDOC(-57%) TLT(-19%) SHY(-16%) TIP(-11%) SILJ(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
Trading Plan | Buy the rebound |
| |
Valuation to SPY | -2.1 |
| |
Relative Volatility | 1.5 (options are expensive) |
| |
Market Trend Strength | -0.3% (StdDev 1.9%) |
Hourly BBV | 0 () |
Intraday Trend | 1.1% |
| |
|
|