| EW latest price $81.4800 (6.23%) ($77.7570 - $81.5350) on Wed. Feb. 1, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.85% (three month average) |
RSI | 62 |
Latest Price | $81.4800(6.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1% a day on average for past five trading days. |
Weekly Trend | EW declines -0.1% 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(52%) IWF(51%) XLV(51%) QQQ(50%) SPY(50%) |
Factors Impacting EW price | EW will decline at least -0.925% in a week (0% probabilities). VIXM(-29%) UUP(-27%) TBT(-19%) VXX(-4%) USO(-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 | -0.925% (StdDev 1.85%) |
Hourly BBV | 2.2 () |
Intraday Trend | 3% |
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