| EW latest price $120.8900 (-0.97%) ($120.5800 - $123.0000) on Fri. Sep. 10, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.16% (three month average) |
RSI | 56 |
Latest Price | $120.8900(-0.97%) |
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 1.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(58%) IVW(57%) SPY(57%) IWO(56%) QQQ(56%) |
Factors Impacting EW price | EW will decline at least -0.58% in a week (0% probabilities). VIXM(-31%) UUP(-23%) 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 | -0.58% (StdDev 1.16%) |
Hourly BBV | -2.3 () |
Intraday Trend | -1.4% |
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