| EW latest price $30.2900 (-0.66%) ($30.1400 - $30.7500) on Tue. Dec. 20, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.83% (three month average) |
RSI | 74 |
Latest Price | $30.2900(-0.66%) |
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 4.6% 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%) 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.415% (StdDev 2.83%) |
Hourly BBV | 0 () |
Intraday Trend | -0.7% |
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