| EW latest price $83.7000 (2.67%) ($81.1900 - $84.3100) on Thu. Aug. 27, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.06% (three month average) |
RSI | 75 |
Latest Price | $83.7000(2.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.2% a day on average for past five trading days. |
Weekly Trend | EW advances 2.1% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(57%) SPY(57%) IVW(56%) QQQ(53%) IWO(52%) |
Factors Impacting EW price | EW will decline at least -1.03% in a week (0% probabilities). VIXM(-32%) UUP(-22%) VXX(-17%) EDOC(-6%) TBT(-4%) |
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 | -1.03% (StdDev 2.06%) |
Hourly BBV | 1.9 () |
Intraday Trend | 2.7% |
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