| EW latest price $85.6100 (1.07%) ($85.0100 - $86.1500) on Tue. Nov. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.18% (three month average) |
RSI | 76 |
Latest Price | $85.6100(1.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.1% a day on average for past five trading days. |
Weekly Trend | EW advances 3.5% 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%) IVW(56%) SPY(56%) QQQ(55%) IWO(52%) |
Factors Impacting EW price | EW will decline at least -1.09% in a week (0% probabilities). VIXM(-30%) UUP(-22%) VXX(-17%) EDOC(-11%) TBT(-6%) |
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 | -1.09% (StdDev 2.18%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.1% |
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