| EW latest price $72.4700 (1.76%) ($71.4300 - $73.6100) on Wed. Jul. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.38% (three month average) |
RSI | 70 |
Latest Price | $72.4700(1.76%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.1% a day on average for past five trading days. |
Weekly Trend | EW advances 1.1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IVW(56%) IWF(56%) SPY(56%) QQQ(53%) IWO(52%) |
Factors Impacting EW price | EW will decline at least -1.19% in a week (0% probabilities). VIXM(-32%) UUP(-23%) VXX(-18%) TBT(-4%) 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 | -1.19% (StdDev 2.38%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.4% |
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