| EW latest price $87.4400 (1.78%) ($85.9600 - $87.7900) on Wed. Sep. 2, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.05% (three month average) |
RSI | 82 |
Latest Price | $87.4400(1.78%) |
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 4.5% 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) IWF(57%) SPY(57%) IVW(56%) QQQ(54%) IWO(52%) |
Factors Impacting EW price | EW will decline at least -1.025% 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 | -1.025% (StdDev 2.05%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1.3% |
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