| EW latest price $88.2800 (0.32%) ($88.2700 - $90.0600) on Wed. Dec. 23, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.05% (three month average) |
RSI | 65 |
Latest Price | $88.2800(0.32%) |
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 1.2% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(58%) IVW(57%) SPY(57%) QQQ(55%) IWO(52%) |
Factors Impacting EW price | EW will decline at least -1.025% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.025% (StdDev 2.05%) |
Hourly BBV | 0.7 () |
Intraday Trend | -0.2% |
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