| EW latest price $73.6500 (2.68%) ($71.8200 - $73.9500) on Wed. May. 20, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.39% (three month average) |
RSI | 52 |
Latest Price | $73.6500(2.68%) |
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 0.9% 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(58%) IVW(57%) IWF(57%) QQQ(54%) IWO(53%) |
Factors Impacting EW price | EW will decline at least -2.195% in a week (0% probabilities). VIXM(-36%) UUP(-23%) VXX(-19%) TBT(-1%) UNG(-0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.195% (StdDev 4.39%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1.6% |
| |
|
|