| EW latest price $78.8100 (-0.22%) ($77.6700 - $79.9200) on Fri. Oct. 2, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.77% (three month average) |
RSI | 37 |
Latest Price | $78.8100(-0.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.4% a day on average for past five trading days. |
Weekly Trend | EW declines -2.7% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Rotation from growth to value 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%) 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 | 1.1% |
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