| EW latest price $27.9100 (0.61%) ($27.3000 - $27.9200) on Wed. Dec. 7, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.71% (three month average) |
RSI | 35 |
Latest Price | $27.9100(0.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.2% a day on average for past five trading days. |
Weekly Trend | EW declines -3.2% 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) IWF(61%) IVW(60%) SPY(60%) XLV(58%) IWO(57%) |
Factors Impacting EW price | EW will decline at least -1.355% in a week (0% probabilities). VIXM(-18%) TLT(-12%) UUP(-8%) GDXJ(-4%) IPO(-3%) |
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 | -1.355% (StdDev 2.71%) |
Hourly BBV | 0 () |
Intraday Trend | 0.9% |
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