| EW latest price $95.9300 (-1.66%) ($95.7550 - $97.9600) on Mon. May. 16, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.69% (three month average) |
RSI | 22 |
Latest Price | $95.9300(-1.66%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.3% a day on average for past five trading days. |
Weekly Trend | EW declines -6.7% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off 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(54%) IWO(54%) SPY(53%) IVW(52%) ONLN(52%) |
Factors Impacting EW price | EW will decline at least -1.345% in a week (0% probabilities). UUP(-22%) VIXM(-17%) VXX(-12%) TBT(-7%) UNG(-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 | -1.345% (StdDev 2.69%) |
Hourly BBV | 0.4 () |
Intraday Trend | -0.9% |
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