| EW latest price $84.6600 (2.1%) ($82.9200 - $84.7100) on Thu. Apr. 13, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2% (three month average) |
RSI | 75 |
Latest Price | $84.6600(2.1%) |
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 1.6% 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(51%) IVW(44%) SPY(42%) EWP(41%) HYG(39%) |
Factors Impacting EW price | EW will decline at least -1% in a week (0% probabilities). UUP(-38%) VXX(-33%) VIXM(-31%) TBT(-22%) SMH(-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 | -1% (StdDev 2%) |
Hourly BBV | 1.9 () |
Intraday Trend | 1.5% |
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