| EW latest price $96.0300 (-1.46%) ($95.5100 - $97.5500) on Mon. Apr. 26, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.56% (three month average) |
RSI | 80 |
Latest Price | $96.0300(-1.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.6% a day on average for past five trading days. |
Weekly Trend | EW advances 5.9% a week on average for past two weeks. |
Market Behavior | Growth stock 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(58%) SPY(57%) IVW(56%) QQQ(55%) IWO(54%) |
Factors Impacting EW price | EW will decline at least -0.78% in a week (0% probabilities). VIXM(-30%) UUP(-22%) VXX(-17%) TBT(-6%) UNG(-1%) |
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 | -0.78% (StdDev 1.56%) |
Hourly BBV | -0.4 () |
Intraday Trend | -1.3% |
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