| EW latest price $114.3300 (-0.76%) ($113.8000 - $115.8300) on Mon. Aug. 9, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.25% (three month average) |
RSI | 83 |
Latest Price | $114.3300(-0.76%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.2% a day on average for past five trading days. |
Weekly Trend | EW advances 3.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(58%) IVW(57%) SPY(57%) IWO(55%) QQQ(55%) |
Factors Impacting EW price | EW will decline at least -0.625% in a week (0% probabilities). VIXM(-30%) UUP(-22%) VXX(-16%) TBT(-5%) UNG(-1%) |
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 | -0.625% (StdDev 1.25%) |
Hourly BBV | -0.3 () |
Intraday Trend | -1% |
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