| EW latest price $84.1200 (-1.51%) ($84.0200 - $85.9900) on Wed. Apr. 7, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.37% (three month average) |
RSI | 68 |
Latest Price | $84.1200(-1.51%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.3% a day on average for past five trading days. |
Weekly Trend | EW advances 3.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(58%) SPY(57%) IVW(56%) QQQ(55%) IWO(54%) |
Factors Impacting EW price | EW will decline at least -0.685% in a week (0% probabilities). VIXM(-30%) UUP(-22%) VXX(-17%) TBT(-6%) IGOV(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.685% (StdDev 1.37%) |
Hourly BBV | -2 () |
Intraday Trend | -1.5% |
| |
|
|