| EW latest price $86.5000 (2.55%) ($84.7000 - $87.1000) on Wed. Apr. 19, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2% (three month average) |
RSI | 72 |
Latest Price | $86.5000(2.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.8% 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 | Normal for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) XLV(52%) IVW(42%) SPY(42%) EWP(41%) HYG(40%) |
Factors Impacting EW price | EW will decline at least -1% in a week (0% probabilities). UUP(-38%) VXX(-33%) VIXM(-32%) TBT(-22%) 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% (StdDev 2%) |
Hourly BBV | 1.2 () |
Intraday Trend | 1.8% |
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