| EW latest price $97.3400 (-3.48%) ($96.3700 - $101.4200) on Wed. Jun. 1, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.66% (three month average) |
RSI | 59 |
Latest Price | $97.3400(-3.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.6% a day on average for past five trading days. |
Weekly Trend | EW advances 1.9% a week on average for past two weeks. |
Market Behavior | Broad based 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(52%) IWO(51%) IVW(50%) QQQ(50%) SPY(50%) |
Factors Impacting EW price | EW will decline at least -1.33% in a week (0% probabilities). UUP(-22%) VIXM(-13%) VXX(-12%) TBT(-10%) UNG(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.33% (StdDev 2.66%) |
Hourly BBV | -1.2 () |
Intraday Trend | -2.7% |
| |
|
|