| IPO latest price $32.5900 (1.46%) ($32.0600 - $33.0000) on Wed. Jun. 28, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.92% (three month average) |
RSI | 60 |
Latest Price | $32.5900(1.46%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | IPO advances 0.7% a day on average for past five trading days. |
Weekly Trend | IPO advances 0.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support IPO advance at 0% a week (0% probability) ARKK(82%) IBUY(80%) SKYY(77%) BOTZ(76%) VT(75%) |
Factors Impacting IPO price | IPO will decline at least -0.96% in a week (0% probabilities). VXX(-49%) VIXM(-44%) TBT(-33%) UUP(-26%) UNG(4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.96% (StdDev 1.92%) |
Hourly BBV | 0.8 () |
Intraday Trend | 1.5% |
| |
|
|