| EW latest price $78.6900 (0.72%) ($77.4000 - $79.1750) on Mon. Jul. 27, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.28% (three month average) |
RSI | 81 |
Latest Price | $78.6900(0.72%) |
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 6.7% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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 -1.14% in a week (0% probabilities). VIXM(-32%) UUP(-23%) VXX(-17%) TBT(-4%) IGOV(-4%) |
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 | -1.14% (StdDev 2.28%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.7% |
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