| EW latest price $88.0000 (2.03%) ($86.4400 - $88.3950) on Thu. Apr. 15, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.35% (three month average) |
RSI | 83 |
Latest Price | $88.0000(2.03%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.9% a day on average for past five trading days. |
Weekly Trend | EW advances 2.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(58%) SPY(57%) IVW(56%) QQQ(55%) IWO(54%) |
Factors Impacting EW price | EW will decline at least -0.675% in a week (0% probabilities). VIXM(-30%) UUP(-22%) VXX(-17%) TBT(-6%) IGOV(-4%) |
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 | -0.675% (StdDev 1.35%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.8% |
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