| EW latest price $77.9100 (2.59%) ($75.6250 - $78.5600) on Wed. Jul. 22, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.3% (three month average) |
RSI | 77 |
Latest Price | $77.9100(2.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.5% a day on average for past five trading days. |
Weekly Trend | EW advances 4.5% a week on average for past two weeks. |
Market Behavior | Growth stock 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 -1.15% 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 | -1.15% (StdDev 2.3%) |
Hourly BBV | 0.8 () |
Intraday Trend | 2.7% |
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