| LABU latest price $47.7400 (4.49%) ($44.3000 - $47.7800) on Tue. Jul. 30, 2019. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 5.02% (three month average) |
| RSI | 46 |
| Latest Price | $47.7400(4.49%) |
| Stocks Behave Similarly | Similar Stock List |
| Daily Trend | LABU advances 0.9% a day on average for past five trading days. |
| Weekly Trend | LABU declines -1.1% a week on average for past two weeks. |
| Market Behavior | Growth stock sell-off for large cap. Broad based rally for small cap. |
| Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability)
IBB(91%) ARKG(88%) ARKK(82%) IWO(82%) IPO(75%) |
| Factors Impacting LABU price | LABU will decline at least -2.51% in a week (0% probabilities).
VXX(-55%) VIXM(-53%) TLT(-13%) UUP(-7%) IFRA(-6%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -2.51% (StdDev 5.02%) |
| Hourly BBV | 0 () |
| Intraday Trend | 6.4% |
| | |
| |
|