| EW latest price $35.8300 (3.82%) ($34.4400 - $35.9000) on Wed. Apr. 6, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.08% (three month average) |
RSI | 84 |
Latest Price | $35.8300(3.82%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 3.9% a day on average for past five trading days. |
Weekly Trend | EW advances 8.1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IVW(58%) IWF(58%) SPY(58%) XLV(57%) IWO(55%) |
Factors Impacting EW price | EW will decline at least -1.54% in a week (0% probabilities). VIXM(-18%) TLT(-11%) UUP(-9%) GDXJ(-2%) IGOV(-1%) |
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 | -1.54% (StdDev 3.08%) |
Hourly BBV | 0 () |
Intraday Trend | 3.7% |
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