| EW latest price $74.6400 (0.72%) ($74.0100 - $75.8100) on Mon. Jul. 20, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.32% (three month average) |
RSI | 75 |
Latest Price | $74.6400(0.72%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 2.1% a day on average for past five trading days. |
Weekly Trend | EW advances 3.1% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off 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 -1.16% 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 | -1.16% (StdDev 2.32%) |
Hourly BBV | 1 () |
Intraday Trend | 0.8% |
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