| EW latest price $45.9200 (-0.07%) ($45.0600 - $45.9500) on Wed. Mar. 7, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.43% (three month average) |
RSI | 72 |
Latest Price | $45.9200(-0.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.6% a day on average for past five trading days. |
Weekly Trend | EW advances 0.9% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IVW(63%) IWF(63%) SPY(63%) QQQ(60%) XLV(60%) |
Factors Impacting EW price | EW will decline at least -0.715% in a week (0% probabilities). VIXM(-17%) 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 | -0.715% (StdDev 1.43%) |
Hourly BBV | 0 () |
Intraday Trend | 1.1% |
| |
|
|