| LABU latest price $62.2500 (1.7%) ($60.9600 - $66.5900) on Tue. May. 18, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.6% (three month average) |
RSI | 28 |
Latest Price | $62.2500(1.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.9% a day on average for past five trading days. |
Weekly Trend | LABU declines -12% 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) ARKG(91%) IBB(89%) ARKK(83%) IWO(82%) IPO(76%) |
Factors Impacting LABU price | LABU will decline at least -3.8% in a week (0% probabilities). VIXM(-56%) VXX(-47%) UUP(-23%) UNG(-2%) TLT(-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 | -3.8% (StdDev 7.6%) |
Hourly BBV | 0.6 () |
Intraday Trend | 0.3% |
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