| EW latest price $71.9600 (-0.8%) ($71.5100 - $72.6600) on Mon. Aug. 12, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.73% (three month average) |
RSI | 74 |
Latest Price | $71.9600(-0.8%) |
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 1.1% 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(64%) IWF(63%) IVW(62%) XLV(60%) DIA(59%) |
Factors Impacting EW price | EW will decline at least -0.865% in a week (0% probabilities). VIXM(-42%) VXX(-23%) UUP(-13%) TLT(-13%) IFRA(-6%) |
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 | -0.865% (StdDev 1.73%) |
Hourly BBV | 0 () |
Intraday Trend | -0.3% |
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