| EW latest price $91.2900 (4.45%) ($89.1300 - $91.6400) on Thu. Jun. 15, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.48% (three month average) |
RSI | 68 |
Latest Price | $91.2900(4.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.8% a day on average for past five trading days. |
Weekly Trend | EW advances 2.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) SPY(57%) IVE(55%) IVW(55%) DIA(52%) IWF(50%) |
Factors Impacting EW price | EW will decline at least -0.74% in a week (0% probabilities). UUP(-42%) VXX(-39%) VIXM(-39%) TBT(-25%) BNDX(-10%) |
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 | -0.74% (StdDev 1.48%) |
Hourly BBV | 0 () |
Intraday Trend | 1.2% |
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