| EW latest price $85.1800 (3.66%) ($83.8900 - $88.0000) on Tue. Nov. 17, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.17% (three month average) |
RSI | 76 |
Latest Price | $85.1800(3.66%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1% a day on average for past five trading days. |
Weekly Trend | EW advances 5.8% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(56%) SPY(56%) IVW(55%) QQQ(53%) IWO(51%) |
Factors Impacting EW price | EW will decline at least -1.085% in a week (0% probabilities). VIXM(-31%) UUP(-21%) VXX(-17%) EDOC(-11%) 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 | -1.085% (StdDev 2.17%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.2% |
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