| LABD latest price $54.7900 (8.6%) ($47.2700 - $55.8000) on Mon. Jun. 6, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 10.11% (three month average) |
RSI | 47 |
Latest Price | $54.7900(8.6%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 1.1% a day on average for past five trading days. |
Weekly Trend | LABD declines -1.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support LABD advance at 0% a week (0% probability) VIXM(27%) UUP(19%) TBT(11%) VXX(9%) UNG(7%) |
Factors Impacting LABD price | LABD will decline at least -5.055% in a week (0% probabilities). IBB(-89%) IWO(-76%) IWC(-76%) IWM(-73%) IWN(-68%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -5.055% (StdDev 10.11%) |
Hourly BBV | 0.3 () |
Intraday Trend | 12.6% |
| |
|
|