| EW latest price $82.7300 (1.42%) ($81.3900 - $82.7800) on Fri. Mar. 31, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.02% (three month average) |
RSI | 73 |
Latest Price | $82.7300(1.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.5% a day on average for past five trading days. |
Weekly Trend | EW advances 1.3% 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(53%) IVW(47%) SPY(46%) IVE(43%) IBB(41%) |
Factors Impacting EW price | EW will decline at least -1.01% in a week (0% probabilities). VXX(-35%) UUP(-30%) VIXM(-29%) TBT(-19%) SMH(-3%) |
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 | -1.01% (StdDev 2.02%) |
Hourly BBV | 1.9 () |
Intraday Trend | 0.8% |
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