| LABU latest price $71.9200 (1.74%) ($70.7300 - $73.4700) on Thu. Nov. 19, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.3% (three month average) |
RSI | 78 |
Latest Price | $71.9200(1.74%) |
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 9% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) IBB(90%) ARKG(89%) IWO(83%) ARKK(82%) IPO(75%) |
Factors Impacting LABU price | LABU will decline at least -3.15% in a week (0% probabilities). VIXM(-50%) VXX(-46%) UUP(-22%) EDOC(-8%) TBT(-2%) |
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 | -3.15% (StdDev 6.3%) |
Hourly BBV | -1.1 () |
Intraday Trend | 0.7% |
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