| EW latest price $91.3300 (0.26%) ($90.5500 - $91.3800) on Thu. Jun. 22, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.39% (three month average) |
RSI | 75 |
Latest Price | $91.3300(0.26%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.9% 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 | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IVW(64%) SPY(62%) IVE(55%) DIA(54%) XLI(52%) |
Factors Impacting EW price | EW will decline at least -0.695% in a week (0% probabilities). VXX(-44%) VIXM(-43%) UUP(-42%) TBT(-24%) BNDX(-14%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.695% (StdDev 1.39%) |
Hourly BBV | 0.2 () |
Intraday Trend | 0% |
| |
|
|