| LABU latest price $56.9800 (-9.71%) ($56.0700 - $63.0400) on Fri. Jun. 26, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.83% (three month average) |
RSI | 60 |
Latest Price | $56.9800(-9.71%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.7% a day on average for past five trading days. |
Weekly Trend | LABU advances 14.3% 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(88%) IWO(82%) ARKK(81%) IPO(73%) |
Factors Impacting LABU price | LABU will decline at least -3.915% in a week (0% probabilities). VIXM(-48%) VXX(-46%) UUP(-23%) XLC(-4%) IYT(-4%) |
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 | -3.915% (StdDev 7.83%) |
Hourly BBV | -1.2 () |
Intraday Trend | -8.3% |
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