| EW latest price $97.2500 (1.81%) ($95.0000 - $97.7400) on Fri. Sep. 9, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.16% (three month average) |
RSI | 44 |
Latest Price | $97.2500(1.81%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.6% a day on average for past five trading days. |
Weekly Trend | EW declines -1.6% 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(44%) ONLN(44%) IWO(43%) SPY(43%) IVE(42%) |
Factors Impacting EW price | EW will decline at least -1.08% in a week (0% probabilities). UUP(-19%) VXX(-12%) TBT(-10%) VIXM(-2%) 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 | -1.08% (StdDev 2.16%) |
Hourly BBV | 1.3 () |
Intraday Trend | 2.2% |
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