| EW latest price $89.6400 (-0.4%) ($89.2900 - $90.7600) on Wed. Dec. 30, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.01% (three month average) |
RSI | 65 |
Latest Price | $89.6400(-0.4%) |
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 2.7% 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(57%) SPY(56%) QQQ(55%) IWO(52%) |
Factors Impacting EW price | EW will decline at least -1.005% 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 | -1.005% (StdDev 2.01%) |
Hourly BBV | -1.4 () |
Intraday Trend | -1% |
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