| LABU latest price $66.1500 (1.1%) ($62.0000 - $66.6500) on Thu. Oct. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.28% (three month average) |
RSI | 72 |
Latest Price | $66.1500(1.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.5% a day on average for past five trading days. |
Weekly Trend | LABU advances 11.6% a week on average for past two weeks. |
Market Behavior | Normal 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%) IPO(75%) |
Factors Impacting LABU price | LABU will decline at least -3.14% in a week (0% probabilities). VIXM(-49%) VXX(-46%) UUP(-22%) EDOC(-5%) 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 | -3.14% (StdDev 6.28%) |
Hourly BBV | -0.3 () |
Intraday Trend | 4.6% |
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