| EW latest price $85.7700 (3.21%) ($83.8500 - $85.7900) on Mon. Mar. 1, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.48% (three month average) |
RSI | 49 |
Latest Price | $85.7700(3.21%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.6% a day on average for past five trading days. |
Weekly Trend | EW declines -1.3% a week on average for past two weeks. |
Market Behavior | Broad based 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(57%) QQQ(55%) IWO(53%) |
Factors Impacting EW price | EW will decline at least -0.74% in a week (0% probabilities). VIXM(-30%) UUP(-23%) VXX(-17%) TBT(-6%) IGOV(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.74% (StdDev 1.48%) |
Hourly BBV | 1.6 () |
Intraday Trend | 2.1% |
| |
|
|