| EW latest price $53.6800 (4.21%) ($51.5200 - $53.7800) on Wed. Nov. 28, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.37% (three month average) |
RSI | 51 |
Latest Price | $53.6800(4.21%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.5% a day on average for past five trading days. |
Weekly Trend | EW advances 0.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(63%) SPY(63%) IVW(62%) XLV(61%) IVE(59%) |
Factors Impacting EW price | EW will decline at least -1.185% in a week (0% probabilities). VXX(-16%) VIXM(-13%) TLT(-13%) 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 | -1.185% (StdDev 2.37%) |
Hourly BBV | 0 () |
Intraday Trend | 3.6% |
| |
|
|