| EW latest price $83.4500 (0.3%) ($82.7550 - $83.6300) on Wed. Apr. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.98% (three month average) |
RSI | 55 |
Latest Price | $83.4500(0.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.4% a day on average for past five trading days. |
Weekly Trend | EW advances 1.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) XLV(51%) IVW(42%) SPY(42%) EWP(41%) IVE(41%) |
Factors Impacting EW price | EW will decline at least -0.99% in a week (0% probabilities). UUP(-35%) VXX(-32%) VIXM(-30%) EDOC(-24%) TBT(-22%) |
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 | -0.99% (StdDev 1.98%) |
Hourly BBV | 1.1 () |
Intraday Trend | -0.1% |
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