| EW latest price $81.5000 (3.7%) ($79.4530 - $81.7200) on Wed. Oct. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.82% (three month average) |
RSI | 43 |
Latest Price | $81.5000(3.7%) |
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 -0.4% 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) IVW(56%) IWF(56%) SPY(56%) QQQ(53%) FIVG(51%) |
Factors Impacting EW price | EW will decline at least -0.91% in a week (0% probabilities). VIXM(-32%) UUP(-22%) VXX(-18%) EDOC(-8%) 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 | -0.91% (StdDev 1.82%) |
Hourly BBV | 2 () |
Intraday Trend | 2.4% |
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