| EW latest price $38.8200 (-0.92%) ($38.6100 - $39.1500) on Wed. Sep. 7, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.42% (three month average) |
RSI | 63 |
Latest Price | $38.8200(-0.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.2% a day on average for past five trading days. |
Weekly Trend | EW advances 0.1% 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 EW advance at 0% a week (0% probability) IVW(59%) IWF(59%) SPY(59%) XLV(57%) IWO(56%) |
Factors Impacting EW price | EW will decline at least -0.71% in a week (0% probabilities). VIXM(-18%) TLT(-11%) UUP(-8%) IGOV(-2%) GDXJ(-2%) |
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 | -0.71% (StdDev 1.42%) |
Hourly BBV | 0 () |
Intraday Trend | -0.5% |
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