| EW latest price $91.0900 (-0.89%) ($90.3300 - $92.2500) on Wed. Jun. 21, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.44% (three month average) |
RSI | 80 |
Latest Price | $91.0900(-0.89%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.2% a day on average for past five trading days. |
Weekly Trend | EW advances 3.9% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IVW(65%) SPY(63%) IVE(56%) DIA(55%) XLI(52%) |
Factors Impacting EW price | EW will decline at least -0.72% in a week (0% probabilities). VXX(-43%) VIXM(-42%) UUP(-42%) TBT(-24%) BNDX(-13%) |
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 | -0.72% (StdDev 1.44%) |
Hourly BBV | -0.4 () |
Intraday Trend | -0.8% |
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