| EW latest price $121.8400 (1.25%) ($120.5500 - $122.3600) on Fri. Dec. 10, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.82% (three month average) |
RSI | 54 |
Latest Price | $121.8400(1.25%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 2.3% a day on average for past five trading days. |
Weekly Trend | EW advances 2.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(58%) IVW(57%) IWO(57%) SPY(57%) QQQ(56%) |
Factors Impacting EW price | EW will decline at least -0.91% in a week (0% probabilities). VIXM(-30%) UUP(-26%) VXX(-15%) TBT(-6%) IGOV(-2%) |
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 | -0.91% (StdDev 1.82%) |
Hourly BBV | 1 () |
Intraday Trend | 0.3% |
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