Pretiming: Daily LABU stock forecast

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Showing posts with label Daily LABU stock forecast. Show all posts
Showing posts with label Daily LABU stock forecast. Show all posts

LABU. Direxion Daily S&P Biotech Bull 3X Shares (LABU) stock for the next 10-Day forecast and technical analysis.

LABU Stock 10-Day forecast and technical analysis by pretiming.

Closed price

Jun 02, 2023

6.72

4.67%

Appropriate Investment Position: Sell

Today's stock price Buy-Sell strength analysis

The current trend appears to be 'Rebound trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing an appropriate HIGH-price to the current trend and a weaker LOW-price Finally, the CLOSE-price closed with a stronger upward rate than the current trend.

The overall buy-and-sell strength indicates that the buy strength is stronger than the sell.

Assuming that the average buy strength is 100%,

Today's buy strength is

195%

 

 

Tomorrow's stock price Buy-Sell strength Forecast

Based on recent stock trends and technical analysis, it looks like LABU stock will enter a Downtrend tomorrow

The %strength of Risk & Return tomorrow :

-81%

HIGH ~ LOW % range tomorrow :

0.4%

-4.3%

Predicted Average loss over the next 3 days:

-15.8%

The price of LABU stock moves in line with the rise and fall of the stock market index with a probability of

71%

 

, and conversely, it moves against the stock market index trend with a probability of

29%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-day forecast may also change.

LABU stock price 10 Day forecast

It is expected that the overall trend movement over the next 10 days will follow a strong downward direction, with a ratio of 5 : 5 for the downward to upward direction, with the proportion of the upward and downward trend being equal. However, in terms of the expected strength of the upward and downward movements, the upward strength is moderate, while the downward strength is higher. Currently, it's in the midst of a rebound trend in an upward-trending market with a box pattern of price fluctuations, marked by small declines and upward fluctuations. and When the stock market opened, the Buy-Sell strength had turned into a stronger buying flow.

Indicating that We are currently in a bearish zone. Therefore, it is recommended to implement a strategy to reduce risk and take a suitable investing position. A suitable investing position is 'Sell(Bearish)' for now. The appropriate selling timing is predicted to be either today or tomorrow.

The selling date is

Jun 05

 

 

A good price to sell a stock:

$ 6.72

And the appropriate buying timing is predicted to be in 4 days.

 

The buying date is

Jun 07

to

Jun 08

A good price to buy a stock:

$ 5.72

(Forecast may change due to changes in the Buy-Sell strength)

Volatility of forecast

Due to sudden changes in Buy-Sell strength that can cause instability in trend linkage, pretiming forecasting can be highly volatile.

Predicting the turning point of the trend

The probability of a trend reversal occurring approximately 2 days from now, 6 days from now, 9 days from now

64%

Forecast of Upper~Lower price range over the next 10 days

Price:

5.89

~

7.12

% Change:

-12.4%

~

6.0%

Median price between the upper and lower prices

6.50

-3.2%

Analysis of the trend zone & level% and average strength of trends

For the last 30 days, the average trend zone & level%

Bullish

26%

The Current trend zone & level%

Bearish

-29%

The expected average trend zone & level% for the next 10 days

Bearish

-31%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

41%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-77%

(Min -100%)

Forecasting the strength of the trend and the range of the HIGH ~ LOW

Trend

Strength%

HIGH

LOW

In 1 day: Entering a downtrend

-81%

0.4%

-4.3%

In 2 days: Entering a downtrend

-100%

-0.6%

-7.5%

In 3 days: Downtrend

-78%

-0.4%

-3.4%

In 4 days: Entering a rebound trend

-85%

-0.6%

-6.5%

In 5 days: Entering a rebound trend

48%

5.0%

-0.1%

In 6 days: Entering a rebound trend

43%

4.8%

0.0%

In 7 days: Rebound trend

-15%

1.1%

-1.8%

In 8 days: Entering a downtrend

32%

3.5%

0.1%

In 9 days: Entering a downtrend

-100%

-0.5%

-6.2%

In 10 days: Downtrend

-82%

0.8%

-4.2%

Average closing price in case of rising:

 

2.2%

=> HIGH ~ LOW range:

4.7%

~

-2.9%

Average closing price in case of falling:

 

-5.0%

=> HIGH ~ LOW range:

2.1%

~

-6.3%

Stock forecast is based on the buy-sell strength analysis of pretiming. Get detailed information including best stocks to buy, stock price target and investment strategy, Bearish & Bullish stock trend analysis, stock technical analysis.