| LABU latest price $58.0700 (4.11%) ($55.0900 - $58.7200) on Wed. Jan. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.55% (three month average) |
RSI | 46 |
Latest Price | $58.0700(4.11%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.2% a day on average for past five trading days. |
Weekly Trend | LABU declines -3.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock 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(76%) |
Factors Impacting LABU price | LABU will decline at least -1.775% in a week (0% probabilities). VXX(-55%) VIXM(-53%) TLT(-12%) UUP(-8%) UNG(6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.775% (StdDev 3.55%) |
Hourly BBV | 1.6 () |
Intraday Trend | 4.7% |
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