| EW latest price $77.5500 (2.08%) ($76.1400 - $78.4400) on Thu. Nov. 5, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.9% (three month average) |
RSI | 31 |
Latest Price | $77.5500(2.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.3% a day on average for past five trading days. |
Weekly Trend | EW declines -5.4% 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) SPY(57%) IVW(56%) IWF(56%) QQQ(53%) IWO(52%) |
Factors Impacting EW price | EW will decline at least -0.95% in a week (0% probabilities). VIXM(-32%) UUP(-21%) VXX(-18%) EDOC(-9%) 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 | -0.95% (StdDev 1.9%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0.8% |
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