| LABU latest price $56.3500 (-2.83%) ($55.6100 - $57.8270) on Fri. Feb. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.1% (three month average) |
RSI | 45 |
Latest Price | $56.3500(-2.83%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 3.7% a day on average for past five trading days. |
Weekly Trend | LABU advances 1.2% 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(83%) IWO(82%) IPO(76%) |
Factors Impacting LABU price | LABU will decline at least -2.05% in a week (0% probabilities). VXX(-55%) VIXM(-53%) TLT(-11%) UUP(-8%) SHY(-3%) |
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 | -2.05% (StdDev 4.1%) |
Hourly BBV | -1.2 () |
Intraday Trend | -1.1% |
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