| LABU latest price $39.6400 (-1.78%) ($39.0600 - $40.2300) on Mon. Nov. 11, 2019. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 4.39% (three month average) |
| RSI | 63 |
| Latest Price | $39.6400(-1.78%) |
| Stocks Behave Similarly | Similar Stock List |
| Daily Trend | LABU advances 0.2% a day on average for past five trading days. |
| Weekly Trend | LABU advances 2.9% a week on average for past two weeks. |
| Market Behavior | Normal for large cap. Normal 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(76%) |
| Factors Impacting LABU price | LABU will decline at least -2.195% in a week (0% probabilities).
VXX(-55%) VIXM(-53%) TLT(-11%) UUP(-7%) IGOV(-0%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -2.195% (StdDev 4.39%) |
| Hourly BBV | 0 () |
| Intraday Trend | -0.1% |
| | |
| |
|