| EW latest price $85.4000 (-0.77%) ($84.3200 - $86.0700) on Tue. Dec. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.13% (three month average) |
RSI | 51 |
Latest Price | $85.4000(-0.77%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.4% a day on average for past five trading days. |
Weekly Trend | EW advances 0.1% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(58%) IVW(56%) SPY(56%) QQQ(55%) IWO(52%) |
Factors Impacting EW price | EW will decline at least -1.065% in a week (0% probabilities). VIXM(-30%) UUP(-21%) VXX(-17%) TBT(-6%) UNG(-0%) |
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 | -1.065% (StdDev 2.13%) |
Hourly BBV | -0.6 () |
Intraday Trend | -0.8% |
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