| EW latest price $74.1100 (3.15%) ($71.2500 - $74.6000) on Fri. Jul. 17, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.33% (three month average) |
RSI | 76 |
Latest Price | $74.1100(3.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.8% a day on average for past five trading days. |
Weekly Trend | EW advances 2.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock 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%) FIVG(51%) |
Factors Impacting EW price | EW will decline at least -1.165% 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 | -1.165% (StdDev 2.33%) |
Hourly BBV | 2.2 () |
Intraday Trend | 2.9% |
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