| EW latest price $59.4400 (-2.56%) ($59.0400 - $61.0700) on Tue. May. 7, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.62% (three month average) |
RSI | 33 |
Latest Price | $59.4400(-2.56%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.3% a day on average for past five trading days. |
Weekly Trend | EW declines -0.3% 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) SPY(63%) IVW(62%) IWF(62%) XLV(60%) IVE(59%) |
Factors Impacting EW price | EW will decline at least -0.81% in a week (0% probabilities). VXX(-16%) UUP(-13%) TLT(-12%) VIXM(-11%) IFRA(-5%) |
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 | -0.81% (StdDev 1.62%) |
Hourly BBV | 0 () |
Intraday Trend | -2% |
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