| EWP latest price $22.7100 (2.39%) ($22.5200 - $22.8300) on Tue. Jun. 2, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.12% (three month average) |
RSI | 72 |
Latest Price | $22.7100(2.39%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | EWP advances 1.4% a day on average for past five trading days. |
Weekly Trend | EWP advances 5.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support EWP advance at 0% a week (0% probability) EWI(90%) EWG(84%) IWD(76%) IVE(75%) DIA(72%) |
Factors Impacting EWP price | EWP will decline at least -2.06% in a week (0% probabilities). VIXM(-44%) UUP(-34%) VXX(-15%) TLT(-12%) BNDX(-0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.06% (StdDev 4.12%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.6% |
| |
|
|