| LABU latest price $11.3900 (-9.17%) ($11.1200 - $13.1400) on Thu. Aug. 11, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 9.17% (three month average) |
RSI | 68 |
Latest Price | $11.3900(-9.17%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 1.1% a day on average for past five trading days. |
Weekly Trend | LABU advances 20.4% 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) IBB(92%) ARKG(89%) ACES(86%) XHB(83%) ARKK(81%) |
Factors Impacting LABU price | LABU will decline at least -4.585% in a week (0% probabilities). UUP(-34%) USO(-20%) TBT(-12%) XOP(-8%) OIH(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -4.585% (StdDev 9.17%) |
Hourly BBV | -1.2 () |
Intraday Trend | -10.7% |
| |
|
|