| EW latest price $42.3600 (0.31%) ($41.1200 - $42.5400) on Tue. Feb. 6, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.35% (three month average) |
RSI | 70 |
Latest Price | $42.3600(0.31%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.1% a day on average for past five trading days. |
Weekly Trend | EW advances 1.9% 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) IWF(63%) SPY(63%) IVW(62%) XLV(60%) IWO(59%) |
Factors Impacting EW price | EW will decline at least -0.675% in a week (0% probabilities). VIXM(-18%) TLT(-13%) UUP(-11%) GDXJ(-4%) IGOV(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.675% (StdDev 1.35%) |
Hourly BBV | 0 () |
Intraday Trend | 1.6% |
| |
|
|