| EDC latest price $33.0100 (6.72%) ($32.3200 - $33.1400) on Wed. Jul. 12, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3% (three month average) |
RSI | 54 |
Latest Price | $33.0100(6.72%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDC advances 1.5% a day on average for past five trading days. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EDC advance at 0% a week (0% probability) EEM(98%) VWO(96%) MCHI(88%) FXI(86%) KWEB(84%) |
Factors Impacting EDC price | EDC will decline at least -1.5% in a week (0% probabilities). VXX(-54%) VIXM(-53%) UUP(-34%) TBT(-31%) UNG(5%) |
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 | -1.5% (StdDev 3%) |
Hourly BBV | 1.4 () |
Intraday Trend | 2.1% |
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