| LABU latest price $12.4700 (9.48%) ($11.6000 - $12.6200) on Fri. Aug. 12, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 9.15% (three month average) |
RSI | 70 |
Latest Price | $12.4700(9.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | LABU advances 0.6% a day on average for past five trading days. |
Weekly Trend | LABU advances 19.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support LABU advance at 0% a week (0% probability) IBB(92%) ACES(90%) ARKG(89%) EWP(88%) ARKK(81%) |
Factors Impacting LABU price | LABU will decline at least -4.575% in a week (0% probabilities). UUP(-36%) USO(-21%) TBT(-16%) XLE(-13%) XOP(-8%) |
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 | -4.575% (StdDev 9.15%) |
Hourly BBV | 0.8 () |
Intraday Trend | 6.6% |
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