| EDC latest price $55.1700 (-1.8%) ($54.1900 - $56.8400) on Wed. Mar. 23, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.22% (three month average) |
RSI | 48 |
Latest Price | $55.1700(-1.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDC advances 0.2% a day on average for past five trading days. |
Weekly Trend | EDC advances 2.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support EDC advance at 0% a week (0% probability) EEM(98%) FXI(88%) MCHI(88%) KWEB(84%) EWY(82%) |
Factors Impacting EDC price | EDC will decline at least -2.61% in a week (0% probabilities). VIXM(-33%) UUP(-28%) VXX(-9%) TBT(-6%) UNG(4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.61% (StdDev 5.22%) |
Hourly BBV | 0.3 () |
Intraday Trend | 1.2% |
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