| EWJ latest price $63.4700 (0.6%) ($63.2400 - $63.6150) on Wed. Nov. 11, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 0.85% (three month average) |
RSI | 73 |
Latest Price | $63.4700(0.6%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | EWJ advances 1.1% a day on average for past five trading days. |
Weekly Trend | EWJ advances 3.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support EWJ advance at 0% a week (0% probability) SPY(72%) IWD(71%) DRIV(70%) EWG(70%) EWI(70%) |
Factors Impacting EWJ price | EWJ will decline at least -0.425% in a week (0% probabilities). VIXM(-42%) UUP(-36%) VXX(-15%) EDOC(-5%) TBT(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.425% (StdDev 0.85%) |
Hourly BBV | -0.2 () |
Intraday Trend | 0.1% |
| |
|
|