| EW latest price $49.2000 (3.54%) ($47.7900 - $49.4800) on Wed. Oct. 31, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.06% (three month average) |
RSI | 60 |
Latest Price | $49.2000(3.54%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1% a day on average for past five trading days. |
Weekly Trend | EW declines -0.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) SPY(64%) IVW(63%) IWF(63%) XLV(61%) IWO(60%) |
Factors Impacting EW price | EW will decline at least -1.03% in a week (0% probabilities). VXX(-17%) VIXM(-14%) TLT(-14%) UUP(-11%) GDXJ(-4%) |
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 | -1.03% (StdDev 2.06%) |
Hourly BBV | 0 () |
Intraday Trend | 2.2% |
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