| EW latest price $30.4900 (0.1%) ($30.4200 - $30.7400) on Mon. Dec. 19, 2016. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.83% (three month average) |
RSI | 71 |
Latest Price | $30.4900(0.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.6% a day on average for past five trading days. |
Weekly Trend | EW advances 4.5% a week on average for past two weeks. |
Market Behavior | Growth stock 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%) SPY(61%) IVW(60%) XLV(59%) IWO(58%) |
Factors Impacting EW price | EW will decline at least -1.415% in a week (0% probabilities). VIXM(-18%) TLT(-12%) UUP(-9%) GDXJ(-4%) IPO(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.415% (StdDev 2.83%) |
Hourly BBV | 0 () |
Intraday Trend | 0.2% |
| |
|
|