| LABU latest price $58.8700 (-2.61%) ($58.1100 - $61.2980) on Fri. Jan. 17, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.68% (three month average) |
RSI | 49 |
Latest Price | $58.8700(-2.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.8% a day on average for past five trading days. |
Weekly Trend | LABU advances 1.1% a week on average for past two weeks. |
Market Behavior | Broad based 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%) ARKK(82%) IWO(82%) IPO(76%) |
Factors Impacting LABU price | LABU will decline at least -1.84% in a week (0% probabilities). VXX(-55%) VIXM(-53%) TLT(-11%) 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 | -1.84% (StdDev 3.68%) |
Hourly BBV | 0.1 () |
Intraday Trend | -3.3% |
| |
|
|