| EW latest price $85.0200 (1.33%) ($83.1800 - $85.4700) on Mon. Oct. 12, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.84% (three month average) |
RSI | 64 |
Latest Price | $85.0200(1.33%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.2% a day on average for past five trading days. |
Weekly Trend | EW advances 3.4% 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) IWF(57%) SPY(57%) IVW(56%) QQQ(54%) 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.92% (StdDev 1.84%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.7% |
| |
|
|