| LABD latest price $61.6000 (-8.06%) ($61.3000 - $66.6100) on Mon. Jul. 27, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.28% (three month average) |
RSI | 48 |
Latest Price | $61.6000(-8.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 2.3% a day on average for past five trading days. |
Weekly Trend | LABD declines -1.7% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support LABD advance at 0% a week (0% probability) VIXM(37%) UUP(20%) VXX(16%) TBT(4%) IYT(3%) |
Factors Impacting LABD price | LABD will decline at least -3.14% in a week (0% probabilities). IBB(-89%) IWO(-81%) XBI(-80%) IWC(-74%) IWM(-73%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.14% (StdDev 6.28%) |
Hourly BBV | -0.5 () |
Intraday Trend | -6.1% |
| |
|
|