| EW latest price $51.0600 (-2.52%) ($50.8900 - $52.3800) on Fri. Nov. 9, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.15% (three month average) |
RSI | 54 |
Latest Price | $51.0600(-2.52%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.1% a day on average for past five trading days. |
Weekly Trend | EW advances 3.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based 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%) IVE(59%) |
Factors Impacting EW price | EW will decline at least -1.075% 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 | -1.075% (StdDev 2.15%) |
Hourly BBV | 0 () |
Intraday Trend | -1.8% |
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