| EWJ latest price $53.4800 (-0.22%) ($53.2000 - $53.8400) on Fri. May. 2, 2008. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.75% (three month average) |
RSI | 70 |
Latest Price | $53.4800(-0.22%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | EWJ advances 0.4% a day on average for past five trading days. |
Weekly Trend | EWJ advances 2.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support EWJ advance at 0% a week (0% probability) SPY(78%) EEM(76%) EWG(76%) VWO(74%) EWY(72%) |
Factors Impacting EWJ price | EWJ will decline at least -0.875% in a week (0% probabilities). TLT(-25%) SHY(-15%) TIP(-5%) GLD(8%) LQD(22%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.875% (StdDev 1.75%) |
Hourly BBV | 0 () |
Intraday Trend | -0.5% |
| |
|
|