| EW latest price $92.8000 (2.34%) ($91.0200 - $93.2700) on Thu. May. 20, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.52% (three month average) |
RSI | 37 |
Latest Price | $92.8000(2.34%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.1% a day on average for past five trading days. |
Weekly Trend | EW declines -1.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(58%) IVW(57%) SPY(57%) QQQ(55%) IWO(54%) |
Factors Impacting EW price | EW will decline at least -0.76% in a week (0% probabilities). VIXM(-30%) UUP(-22%) VXX(-17%) TBT(-5%) 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 | -0.76% (StdDev 1.52%) |
Hourly BBV | 1.3 () |
Intraday Trend | 2% |
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