| EW latest price $37.8600 (-0.58%) ($37.6500 - $38.2500) on Tue. Aug. 2, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.54% (three month average) |
RSI | 71 |
Latest Price | $37.8600(-0.58%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.9% a day on average for past five trading days. |
Weekly Trend | EW advances 3.9% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IVW(59%) IWF(59%) SPY(59%) XLV(57%) IWO(56%) |
Factors Impacting EW price | EW will decline at least -0.77% in a week (0% probabilities). VIXM(-18%) TLT(-11%) UUP(-9%) GDXJ(-2%) IGOV(-1%) |
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 | -0.77% (StdDev 1.54%) |
Hourly BBV | 0 () |
Intraday Trend | -0.6% |
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