| EW latest price $105.6100 (3.41%) ($103.4150 - $106.1500) on Wed. Jul. 27, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.34% (three month average) |
RSI | 67 |
Latest Price | $105.6100(3.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.8% a day on average for past five trading days. |
Weekly Trend | EW advances 3.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(46%) IWO(46%) ONLN(45%) SPY(45%) HYG(44%) |
Factors Impacting EW price | EW will decline at least -1.17% in a week (0% probabilities). UUP(-19%) VXX(-11%) TBT(-8%) VIXM(-6%) UNG(-4%) |
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 | -1.17% (StdDev 2.34%) |
Hourly BBV | 2 () |
Intraday Trend | 1.9% |
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