| EW latest price $83.9000 (2.76%) ($81.8100 - $83.9500) on Fri. Oct. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.84% (three month average) |
RSI | 53 |
Latest Price | $83.9000(2.76%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.3% a day on average for past five trading days. |
Weekly Trend | EW advances 2.4% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) SPY(57%) IVW(56%) IWF(56%) QQQ(53%) FIVG(51%) |
Factors Impacting EW price | EW will decline at least -0.92% 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 | -0.92% (StdDev 1.84%) |
Hourly BBV | 1.8 () |
Intraday Trend | 2.1% |
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