| EW latest price $43.9400 (3.8%) ($43.8200 - $46.1600) on Fri. Feb. 2, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.24% (three month average) |
RSI | 84 |
Latest Price | $43.9400(3.8%) |
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 2.6% 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(63%) IWF(63%) SPY(63%) XLV(60%) IWO(59%) |
Factors Impacting EW price | EW will decline at least -0.62% in a week (0% probabilities). VIXM(-18%) TLT(-13%) UUP(-11%) GDXJ(-4%) IGOV(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.62% (StdDev 1.24%) |
Hourly BBV | 0 () |
Intraday Trend | -1.5% |
| |
|
|