| IWN latest price $155.6100 (0.54%) ($155.1400 - $158.5600) on Wed. Mar. 3, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Trend Pattern | Growing Uptrend |
Trend Narrative | Uptrend |
Average Daily Price Swing | $3.33 (2.19% one month average) |
Average Daily Percentage Swing | 1.51% (three month average) |
Weekly Trend Force | 0.3% (StdDev 1.51%) |
Daily Moving Force | % |
Correction Force | Weak (0%) |
Trend | 0.26% |
Trend Strength | 1.2% |
RSI | 58 |
Momentum | 1.5 |
Latest Price | $155.6100(0.54%) |
Forecasted Low Price | 154.99(-0.4%) |
Forecasted High Price | 156.7(0.7%) |
Direction of Next Movement | Range(0.4%) |
% Change Needed to Confirm Correction | 1.5% (153.36) |
% Change Needed for Trend Reversal | 1.9% |
Hourly Trend | 0.1% [$156.02(0.11), $155.04(0.21)] |
Stocks Behave Similarly | Similar Stock List |
Complacency | 6 |
Intraday Reversal Probability | N/A. |
Daily Trend | IWN declines -0.3% a day on average for past five trading days. |
Weekly Trend | IWN advances 0.9% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support IWN advance at 0% a week (94% probability) IWM(94%) XLI(93%) IWC(91%) IWD(91%) IVE(89%) |
Factors Impacting IWN price | IWN will advance at least 0.1% in a week (49% probabilities). VXX(-64%) VIXM(-59%) ROBT(-36%) TLT(-19%) UUP(-14%) |
Explanation | The decline is not sustainable and not supported by the broad market. |
Trading Plan | Not Available |
| |
Valuation to SPY | 1.9 |
| |
Relative Volatility | -0.6 (options are cheap) |
| |
Market Trend Strength | 0.4% (StdDev 1.51%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0% |
| |
|
|