| EW latest price $74.8300 (0.75%) ($73.6500 - $75.1400) on Tue. Jun. 2, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.28% (three month average) |
RSI | 58 |
Latest Price | $74.8300(0.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.7% a day on average for past five trading days. |
Weekly Trend | EW advances 1.5% 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) SPY(58%) IWF(57%) IVW(56%) IWO(53%) QQQ(53%) |
Factors Impacting EW price | EW will decline at least -2.14% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.14% (StdDev 4.28%) |
Hourly BBV | -0.6 () |
Intraday Trend | -0% |
| |
|
|