| EW latest price $66.0500 (-0.65%) ($63.9000 - $67.3300) on Fri. Mar. 27, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.88% (three month average) |
RSI | 53 |
Latest Price | $66.0500(-0.65%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 3.5% a day on average for past five trading days. |
Weekly Trend | EW declines -1.2% 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) SPY(63%) IVW(61%) IWF(61%) DIA(58%) IVE(58%) |
Factors Impacting EW price | EW will decline at least -1.94% in a week (0% probabilities). VIXM(-37%) UUP(-22%) VXX(-19%) TLT(-5%) UNG(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.94% (StdDev 3.88%) |
Hourly BBV | 1.5 () |
Intraday Trend | 3.2% |
| |
|
|