| EW latest price $85.9500 (-0.36%) ($85.0000 - $86.7700) on Wed. Oct. 19, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.12% (three month average) |
RSI | 56 |
Latest Price | $85.9500(-0.36%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.8% a day on average for past five trading days. |
Weekly Trend | EW declines -0.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(41%) ONLN(41%) IWO(40%) QQQ(40%) SPY(40%) |
Factors Impacting EW price | EW will decline at least -1.06% in a week (0% probabilities). UUP(-15%) VXX(-12%) TBT(-8%) UNG(-4%) XLP(-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 | -1.06% (StdDev 2.12%) |
Hourly BBV | -0.3 () |
Intraday Trend | 0.5% |
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