| EW latest price $50.9300 (0.87%) ($50.1400 - $51.6700) on Fri. Nov. 2, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.08% (three month average) |
RSI | 63 |
Latest Price | $50.9300(0.87%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.8% a day on average for past five trading days. |
Weekly Trend | EW advances 0.4% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Value 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 -1.04% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.04% (StdDev 2.08%) |
Hourly BBV | 0 () |
Intraday Trend | 0.1% |
| |
|
|