| LABU latest price $69.6900 (4.26%) ($65.6700 - $70.5650) on Tue. Oct. 13, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.34% (three month average) |
RSI | 77 |
Latest Price | $69.6900(4.26%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 3.6% a day on average for past five trading days. |
Weekly Trend | LABU advances 13.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) IBB(90%) ARKG(88%) IWO(83%) ARKK(81%) IPO(74%) |
Factors Impacting LABU price | LABU will decline at least -3.17% in a week (0% probabilities). VIXM(-50%) VXX(-46%) UUP(-22%) EDOC(-4%) DRIV(-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 | -3.17% (StdDev 6.34%) |
Hourly BBV | 2.1 () |
Intraday Trend | 6.1% |
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