| LABD latest price $62.4000 (-12.61%) ($62.0600 - $70.2000) on Mon. Aug. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.32% (three month average) |
RSI | 50 |
Latest Price | $62.4000(-12.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 0.2% a day on average for past five trading days. |
Weekly Trend | LABD advances 6.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based 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(5%) IYT(3%) |
Factors Impacting LABD price | LABD will decline at least -3.16% in a week (0% probabilities). IBB(-89%) IWO(-81%) XBI(-80%) IWC(-75%) IWM(-73%) |
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 | -3.16% (StdDev 6.32%) |
Hourly BBV | -1.6 () |
Intraday Trend | -10.9% |
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