| LABU latest price $56.7000 (-3.08%) ($56.5400 - $60.2190) on Fri. Jan. 10, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.54% (three month average) |
RSI | 43 |
Latest Price | $56.7000(-3.08%) |
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 -3.9% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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%) ARKK(82%) IWO(82%) IPO(76%) |
Factors Impacting LABU price | LABU will decline at least -1.77% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.77% (StdDev 3.54%) |
Hourly BBV | -1.2 () |
Intraday Trend | -3.5% |
| |
|
|