| LABD latest price $16.3600 (1.05%) ($15.8200 - $17.0200) on Thu. Feb. 23, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.86% (three month average) |
RSI | 78 |
Latest Price | $16.3600(1.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABD advances 1.6% a day on average for past five trading days. |
Weekly Trend | LABD advances 8.8% 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(32%) UUP(15%) TBT(14%) VXX(7%) BND(5%) |
Factors Impacting LABD price | LABD will decline at least -2.93% in a week (0% probabilities). IBB(-86%) IWO(-73%) IWM(-69%) IWC(-69%) IWN(-64%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.93% (StdDev 5.86%) |
Hourly BBV | 0.1 () |
Intraday Trend | 2.8% |
| |
|
|