| EW latest price $78.4100 (-0.68%) ($77.7900 - $79.3000) on Fri. Jul. 31, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.2% (three month average) |
RSI | 84 |
Latest Price | $78.4100(-0.68%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.1% a day on average for past five trading days. |
Weekly Trend | EW advances 4.7% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off 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 -1.1% 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 | -1.1% (StdDev 2.2%) |
Hourly BBV | -0.8 () |
Intraday Trend | -0.8% |
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