| EW latest price $109.4000 (2.19%) ($107.4100 - $109.6650) on Fri. Jul. 23, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.31% (three month average) |
RSI | 58 |
Latest Price | $109.4000(2.19%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.5% a day on average for past five trading days. |
Weekly Trend | EW declines -0.4% 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 -0.655% in a week (0% probabilities). VIXM(-30%) UUP(-22%) VXX(-16%) 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 | -0.655% (StdDev 1.31%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.2% |
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