| EW latest price $69.8100 (-0.61%) ($68.7400 - $70.2400) on Mon. Jun. 22, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.73% (three month average) |
RSI | 40 |
Latest Price | $69.8100(-0.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.2% a day on average for past five trading days. |
Weekly Trend | EW declines -2.9% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) SPY(57%) IVW(56%) IWF(56%) QQQ(53%) IWO(52%) |
Factors Impacting EW price | EW will decline at least -1.865% in a week (0% probabilities). VIXM(-33%) UUP(-23%) VXX(-18%) TBT(-3%) 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 | -1.865% (StdDev 3.73%) |
Hourly BBV | -0.4 () |
Intraday Trend | -0.2% |
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