| EW latest price $74.0500 (2.68%) ($72.6500 - $75.3900) on Thu. May. 28, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.37% (three month average) |
RSI | 54 |
Latest Price | $74.0500(2.68%) |
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 0.1% a week on average for past two weeks. |
Market Behavior | Normal 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(58%) IVW(57%) IWF(57%) IWO(53%) QQQ(53%) |
Factors Impacting EW price | EW will decline at least -2.185% in a week (0% probabilities). VIXM(-35%) UUP(-23%) VXX(-19%) TBT(-2%) UNG(-1%) |
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 | -2.185% (StdDev 4.37%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.3% |
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