| LABU latest price $5.6900 (-14.69%) ($5.5000 - $6.3800) on Wed. May. 18, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 10.14% (three month average) |
RSI | 41 |
Latest Price | $5.6900(-14.69%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 3.9% a day on average for past five trading days. |
Weekly Trend | LABU declines -20.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) IBB(95%) ARKG(92%) ARKK(81%) IWC(79%) IWO(79%) |
Factors Impacting LABU price | LABU will decline at least -5.07% in a week (0% probabilities). VIXM(-71%) VXX(-67%) UUP(-20%) USO(-7%) UNG(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | |
| |
Market Trend Strength | -5.07% (StdDev 10.14%) |
Hourly BBV | -1.8 () |
Intraday Trend | -7.2% |
| |
|
|