| EW latest price $73.0700 (1.54%) ($71.6700 - $73.2300) on Tue. Aug. 13, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.72% (three month average) |
RSI | 56 |
Latest Price | $73.0700(1.54%) |
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 0.5% 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) SPY(64%) IWF(63%) IVW(62%) XLV(60%) DIA(59%) |
Factors Impacting EW price | EW will decline at least -0.86% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.86% (StdDev 1.72%) |
Hourly BBV | 0 () |
Intraday Trend | 1.6% |
| |
|
|