| EW latest price $83.9400 (-1.27%) ($83.2000 - $85.0100) on Tue. Oct. 13, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.85% (three month average) |
RSI | 72 |
Latest Price | $83.9400(-1.27%) |
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 4.1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off 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 -0.925% 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 | -0.925% (StdDev 1.85%) |
Hourly BBV | 0 () |
Intraday Trend | -0.4% |
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