| EW latest price $54.2700 (1.1%) ($53.1800 - $54.4500) on Thu. Nov. 29, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.37% (three month average) |
RSI | 54 |
Latest Price | $54.2700(1.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.9% a day on average for past five trading days. |
Weekly Trend | EW advances 1.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.185% (StdDev 2.37%) |
Hourly BBV | 0 () |
Intraday Trend | 1.3% |
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