| LABU latest price $59.7000 (-4.75%) ($58.1500 - $62.1800) on Fri. Aug. 6, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.86% (three month average) |
RSI | 52 |
Latest Price | $59.7000(-4.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 1.7% a day on average for past five trading days. |
Weekly Trend | LABU declines -2.5% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) ARKG(91%) IBB(90%) ARKK(83%) IWO(83%) IPO(77%) |
Factors Impacting LABU price | LABU will decline at least -2.43% in a week (0% probabilities). VIXM(-61%) VXX(-50%) UUP(-24%) UNG(-3%) USO(-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 | -2.43% (StdDev 4.86%) |
Hourly BBV | 0.5 () |
Intraday Trend | -4.1% |
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