| EW latest price $22.1900 (2.4%) ($21.7600 - $22.2500) on Thu. Jan. 8, 2015. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2% (three month average) |
RSI | 58 |
Latest Price | $22.1900(2.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.9% a day on average for past five trading days. |
Weekly Trend | EW declines -0.8% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) SPY(58%) XLV(58%) QQQ(55%) VT(53%) IVE(52%) |
Factors Impacting EW price | EW will decline at least -1% in a week (0% probabilities). VIXM(-22%) TLT(-12%) UUP(-5%) IGOV(-3%) SHY(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1% (StdDev 2%) |
Hourly BBV | 0 () |
Intraday Trend | 1.6% |
| |
|
|