| EW latest price $84.3300 (0.75%) ($83.1600 - $84.6000) on Fri. Aug. 28, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.04% (three month average) |
RSI | 85 |
Latest Price | $84.3300(0.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.4% a day on average for past five trading days. |
Weekly Trend | EW advances 2.7% 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) IWF(57%) SPY(57%) IVW(56%) QQQ(53%) IWO(52%) |
Factors Impacting EW price | EW will decline at least -1.02% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.02% (StdDev 2.04%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.5% |
| |
|
|