| EW latest price $111.5900 (-1.11%) ($110.5900 - $113.9050) on Thu. Feb. 3, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.09% (three month average) |
RSI | 35 |
Latest Price | $111.5900(-1.11%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.8% a day on average for past five trading days. |
Weekly Trend | EW declines -3.2% 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(57%) IWO(57%) SPY(57%) IVW(56%) IWM(55%) |
Factors Impacting EW price | EW will decline at least -1.045% in a week (0% probabilities). VIXM(-27%) UUP(-26%) VXX(-14%) TBT(-7%) USO(-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 | -1.045% (StdDev 2.09%) |
Hourly BBV | 0.5 () |
Intraday Trend | 0.7% |
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