| EW latest price $118.9500 (0.85%) ($117.3100 - $119.3300) on Fri. Aug. 20, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.22% (three month average) |
RSI | 66 |
Latest Price | $118.9500(0.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1% a day on average for past five trading days. |
Weekly Trend | EW advances 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%) IWO(55%) QQQ(55%) |
Factors Impacting EW price | EW will decline at least -0.61% 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 | -0.61% (StdDev 1.22%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.8% |
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