| EW latest price $49.9200 (-1.98%) ($49.4700 - $50.8700) on Mon. Nov. 5, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.1% (three month average) |
RSI | 53 |
Latest Price | $49.9200(-1.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.4% a day on average for past five trading days. |
Weekly Trend | EW advances 0.7% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Rotation from growth to value 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%) IVE(59%) |
Factors Impacting EW price | EW will decline at least -1.05% in a week (0% probabilities). VXX(-17%) VIXM(-14%) TLT(-13%) 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 | -1.05% (StdDev 2.1%) |
Hourly BBV | 0 () |
Intraday Trend | -1.7% |
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