| EW latest price $61.6300 (17.59%) ($54.8600 - $61.9900) on Tue. Mar. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.84% (three month average) |
RSI | 40 |
Latest Price | $61.6300(17.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1% a day on average for past five trading days. |
Weekly Trend | EW declines -8.3% 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) SPY(64%) IVW(63%) IWF(63%) DIA(60%) IVE(60%) |
Factors Impacting EW price | EW will decline at least -1.92% in a week (0% probabilities). VIXM(-39%) VXX(-21%) UUP(-16%) TLT(-9%) IGOV(0%) |
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 | -1.92% (StdDev 3.84%) |
Hourly BBV | 1.4 () |
Intraday Trend | 11.5% |
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