| LABU latest price $53.7000 (3.75%) ($48.8900 - $54.1900) on Wed. Sep. 21, 2016. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.99% (three month average) |
RSI | 76 |
Latest Price | $53.7000(3.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 4% a day on average for past five trading days. |
Weekly Trend | LABU advances 12.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) IBB(92%) ARKG(88%) IWO(81%) ARKK(79%) IWC(73%) |
Factors Impacting LABU price | LABU will decline at least -2.995% in a week (0% probabilities). VIXM(-22%) TLT(-15%) UUP(-14%) SHY(-5%) IGOV(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.995% (StdDev 5.99%) |
Hourly BBV | 0 () |
Intraday Trend | 1.5% |
| |
|
|