| EW latest price $83.2000 (-0.59%) ($82.3100 - $84.8600) on Fri. Sep. 18, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.67% (three month average) |
RSI | 48 |
Latest Price | $83.2000(-0.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.3% a day on average for past five trading days. |
Weekly Trend | EW declines -1.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off 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%) FIVG(51%) |
Factors Impacting EW price | EW will decline at least -0.835% in a week (0% probabilities). VIXM(-33%) UUP(-22%) VXX(-18%) EDOC(-7%) 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 | -0.835% (StdDev 1.67%) |
Hourly BBV | -1.1 () |
Intraday Trend | -0.5% |
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