| EW latest price $88.8500 (0.17%) ($87.8000 - $89.5800) on Wed. May. 10, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.59% (three month average) |
RSI | 68 |
Latest Price | $88.8500(0.17%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.2% a day on average for past five trading days. |
Weekly Trend | EW advances 0.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) XLV(52%) IVW(49%) SPY(48%) IVE(44%) IWF(42%) |
Factors Impacting EW price | EW will decline at least -0.795% in a week (0% probabilities). VIXM(-37%) UUP(-37%) VXX(-35%) TBT(-22%) USO(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.795% (StdDev 1.59%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.4% |
| |
|
|