| EW latest price $88.7900 (2.6%) ($86.8880 - $88.8400) on Mon. Apr. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.97% (three month average) |
RSI | 75 |
Latest Price | $88.7900(2.6%) |
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 2.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) XLV(52%) IVW(41%) SPY(41%) IVE(40%) VFMO(40%) |
Factors Impacting EW price | EW will decline at least -0.985% in a week (0% probabilities). UUP(-37%) VXX(-33%) VIXM(-32%) TBT(-22%) BNDX(-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 | -0.985% (StdDev 1.97%) |
Hourly BBV | 1.6 () |
Intraday Trend | 2.1% |
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