| EW latest price $78.9100 (-0.69%) ($78.5800 - $80.6100) on Fri. Nov. 1, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.61% (three month average) |
RSI | 65 |
Latest Price | $78.9100(-0.69%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.7% a day on average for past five trading days. |
Weekly Trend | EW advances 2.5% 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 -0.805% in a week (0% probabilities). VIXM(-41%) VXX(-23%) UUP(-13%) TLT(-12%) IGOV(-2%) |
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 | -0.805% (StdDev 1.61%) |
Hourly BBV | 0 () |
Intraday Trend | -1.3% |
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