| EW latest price $85.3400 (0.13%) ($84.8000 - $85.8800) on Fri. Jun. 2, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.56% (three month average) |
RSI | 37 |
Latest Price | $85.3400(0.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.9% a day on average for past five trading days. |
Weekly Trend | EW declines -2.7% 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) IVW(53%) SPY(53%) XLV(52%) IVE(49%) DIA(46%) |
Factors Impacting EW price | EW will decline at least -0.78% in a week (0% probabilities). VIXM(-41%) VXX(-40%) UUP(-39%) TBT(-27%) BNDX(-5%) |
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 | -0.78% (StdDev 1.56%) |
Hourly BBV | 1.2 () |
Intraday Trend | -0.3% |
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