| EIX latest price $68.2600 (-1%) ($68.1000 - $69.1600) on Fri. Aug. 5, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.87% (three month average) |
RSI | 80 |
Latest Price | $68.2600(-1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EIX advances 0.1% a day on average for past five trading days. |
Weekly Trend | EIX advances 5.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EIX advance at 0% a week (0% probability) SPLV(78%) SDY(67%) IFRA(65%) IWD(62%) IVE(61%) |
Factors Impacting EIX price | EIX will decline at least -0.935% in a week (0% probabilities). VIXM(-32%) UUP(-27%) TBT(-17%) EDOC(-1%) VXX(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.935% (StdDev 1.87%) |
Hourly BBV | -1.8 () |
Intraday Trend | -0.9% |
| |
|
|