| EW latest price $49.5700 (1.89%) ($48.7100 - $49.6400) on Wed. Sep. 19, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.49% (three month average) |
RSI | 62 |
Latest Price | $49.5700(1.89%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.5% a day on average for past five trading days. |
Weekly Trend | EW advances 1.6% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IVW(63%) IWF(63%) SPY(63%) XLV(61%) IWO(59%) |
Factors Impacting EW price | EW will decline at least -0.745% in a week (0% probabilities). VXX(-17%) VIXM(-15%) TLT(-13%) UUP(-11%) IFRA(-8%) |
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 | -0.745% (StdDev 1.49%) |
Hourly BBV | 0 () |
Intraday Trend | 1.6% |
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