| LABU latest price $64.1500 (5.53%) ($60.6100 - $67.1500) on Tue. Jul. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.84% (three month average) |
RSI | 74 |
Latest Price | $64.1500(5.53%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 2.5% a day on average for past five trading days. |
Weekly Trend | LABU advances 7% 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 -3.42% in a week (0% probabilities). VIXM(-47%) VXX(-46%) UUP(-23%) XLC(-5%) IYT(-5%) |
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 | -3.42% (StdDev 6.84%) |
Hourly BBV | 1.2 () |
Intraday Trend | 5.4% |
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