| LABU latest price $60.4000 (0.35%) ($59.0410 - $62.9300) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.1% (three month average) |
RSI | 37 |
Latest Price | $60.4000(0.35%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 2.3% a day on average for past five trading days. |
Weekly Trend | LABU declines -3.9% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally 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%) IWC(74%) |
Factors Impacting LABU price | LABU will decline at least -3.05% in a week (0% probabilities). VIXM(-47%) VXX(-45%) UUP(-23%) XLC(-6%) IYT(-6%) |
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 | -3.05% (StdDev 6.1%) |
Hourly BBV | -0.6 () |
Intraday Trend | 1% |
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