| EW latest price $78.9800 (-1.05%) ($78.4400 - $80.7400) on Thu. Oct. 1, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.77% (three month average) |
RSI | 42 |
Latest Price | $78.9800(-1.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.1% a day on average for past five trading days. |
Weekly Trend | EW declines -2.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IVW(56%) IWF(56%) SPY(56%) QQQ(53%) FIVG(51%) |
Factors Impacting EW price | EW will decline at least -0.885% in a week (0% probabilities). VIXM(-33%) UUP(-22%) VXX(-18%) EDOC(-7%) TBT(-5%) |
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 | -0.885% (StdDev 1.77%) |
Hourly BBV | -0.9 () |
Intraday Trend | -1.7% |
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