| EW latest price $38.0600 (0.5%) ($37.9300 - $38.3200) on Mon. Aug. 15, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.47% (three month average) |
RSI | 72 |
Latest Price | $38.0600(0.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.3% a day on average for past five trading days. |
Weekly Trend | EW advances 0.4% 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 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 -0.735% in a week (0% probabilities). VIXM(-18%) TLT(-11%) UUP(-8%) IGOV(-2%) GDXJ(-2%) |
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 | -0.735% (StdDev 1.47%) |
Hourly BBV | 0 () |
Intraday Trend | 0.3% |
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