| EW latest price $69.5300 (0.49%) ($69.2300 - $70.2930) on Mon. Jul. 6, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.55% (three month average) |
RSI | 53 |
Latest Price | $69.5300(0.49%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.7% a day on average for past five trading days. |
Weekly Trend | EW declines -0.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal 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 -1.275% in a week (0% probabilities). VIXM(-32%) 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 | -1.275% (StdDev 2.55%) |
Hourly BBV | -0.2 () |
Intraday Trend | -0.7% |
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