| EDC latest price $30.5900 (2.75%) ($30.3420 - $30.9100) on Fri. Jun. 30, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.69% (three month average) |
RSI | 48 |
Latest Price | $30.5900(2.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDC advances 0.6% a day on average for past five trading days. |
Weekly Trend | EDC declines -3.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support EDC advance at 0% a week (0% probability) EEM(98%) VWO(96%) MCHI(89%) FXI(87%) KWEB(85%) |
Factors Impacting EDC price | EDC will decline at least -1.345% in a week (0% probabilities). VXX(-53%) VIXM(-53%) UUP(-35%) TBT(-30%) EDOC(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.345% (StdDev 2.69%) |
Hourly BBV | 1 () |
Intraday Trend | 0% |
| |
|
|