| EW latest price $35.0800 (-2.09%) ($34.7600 - $35.8800) on Thu. Apr. 7, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.05% (three month average) |
RSI | 84 |
Latest Price | $35.0800(-2.09%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 3.4% a day on average for past five trading days. |
Weekly Trend | EW advances 10% 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 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 -1.525% 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 | -1.525% (StdDev 3.05%) |
Hourly BBV | 0 () |
Intraday Trend | -2.1% |
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