| LABU latest price $21.3700 (-8.48%) ($21.0000 - $23.5400) on Fri. Mar. 27, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 10.13% (three month average) |
RSI | 42 |
Latest Price | $21.3700(-8.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 4.9% a day on average for past five trading days. |
Weekly Trend | LABU declines -17.5% 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(90%) ARKG(89%) ARKK(82%) IWO(80%) IPO(74%) |
Factors Impacting LABU price | LABU will decline at least -5.065% in a week (0% probabilities). VXX(-49%) VIXM(-46%) UUP(-20%) TLT(-3%) IGOV(2%) |
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 | -5.065% (StdDev 10.13%) |
Hourly BBV | 0.2 () |
Intraday Trend | -0.6% |
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