| LABU latest price $50.5000 (-5%) ($49.2500 - $53.7400) on Tue. May. 2, 2017. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.05% (three month average) |
RSI | 72 |
Latest Price | $50.5000(-5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.3% a day on average for past five trading days. |
Weekly Trend | LABU advances 7.4% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) IBB(91%) ARKG(88%) IWO(82%) ARKK(81%) IWC(74%) |
Factors Impacting LABU price | LABU will decline at least -2.025% in a week (0% probabilities). VIXM(-21%) UUP(-16%) TLT(-14%) SHY(-4%) IPO(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.025% (StdDev 4.05%) |
Hourly BBV | 0 () |
Intraday Trend | -5.5% |
| |
|
|