| EW latest price $39.6500 (-0.68%) ($39.5400 - $39.8700) on Mon. Sep. 26, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.36% (three month average) |
RSI | 53 |
Latest Price | $39.6500(-0.68%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.4% a day on average for past five trading days. |
Weekly Trend | EW advances 1.3% 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 -0.68% in a week (0% probabilities). VIXM(-18%) TLT(-12%) UUP(-8%) GDXJ(-3%) IGOV(-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 | -0.68% (StdDev 1.36%) |
Hourly BBV | 0 () |
Intraday Trend | -0.3% |
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