| EW latest price $81.0800 (0.42%) ($80.0200 - $81.7100) on Mon. Mar. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.05% (three month average) |
RSI | 51 |
Latest Price | $81.0800(0.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.1% a day on average for past five trading days. |
Weekly Trend | EW advances 0.3% 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) XLV(55%) IVW(46%) SPY(45%) IBB(44%) IWF(44%) |
Factors Impacting EW price | EW will decline at least -1.025% in a week (0% probabilities). VXX(-33%) UUP(-29%) VIXM(-25%) TBT(-15%) USO(-6%) |
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 | -1.025% (StdDev 2.05%) |
Hourly BBV | -0.4 () |
Intraday Trend | 0.6% |
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