| EW latest price $77.7100 (0.9%) ($76.6950 - $78.5000) on Wed. Jan. 11, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.84% (three month average) |
RSI | 66 |
Latest Price | $77.7100(0.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.3% a day on average for past five trading days. |
Weekly Trend | EW advances 1.8% 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) VUG(53%) IWF(52%) QQQ(52%) SPY(52%) IVW(51%) |
Factors Impacting EW price | EW will decline at least -1.42% in a week (0% probabilities). VIXM(-30%) UUP(-28%) TBT(-18%) VXX(-5%) USO(-5%) |
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 | -1.42% (StdDev 2.84%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.5% |
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