| EW latest price $96.0300 (1.37%) ($93.3600 - $96.4000) on Wed. Jun. 29, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.6% (three month average) |
RSI | 47 |
Latest Price | $96.0300(1.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.1% a day on average for past five trading days. |
Weekly Trend | EW advances 2.6% a week on average for past two weeks. |
Market Behavior | Normal 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(48%) IWO(48%) SPY(47%) IVW(46%) ONLN(46%) |
Factors Impacting EW price | EW will decline at least -1.3% in a week (0% probabilities). UUP(-19%) VXX(-11%) VIXM(-8%) TBT(-8%) UNG(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.3% (StdDev 2.6%) |
Hourly BBV | -0.3 () |
Intraday Trend | 1.2% |
| |
|
|