| EW latest price $88.0000 (2.76%) ($85.2800 - $88.4400) on Tue. Dec. 22, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.1% (three month average) |
RSI | 61 |
Latest Price | $88.0000(2.76%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.7% a day on average for past five trading days. |
Weekly Trend | EW advances 0.9% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(58%) IVW(57%) SPY(56%) QQQ(55%) IWO(52%) |
Factors Impacting EW price | EW will decline at least -1.05% in a week (0% probabilities). VIXM(-30%) UUP(-21%) VXX(-17%) TBT(-6%) IGOV(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.05% (StdDev 2.1%) |
Hourly BBV | 1.2 () |
Intraday Trend | 2.6% |
| |
|
|