| EW latest price $125.6100 (-2.07%) ($125.4400 - $131.1000) on Thu. Apr. 21, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.4% (three month average) |
RSI | 64 |
Latest Price | $125.6100(-2.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.6% 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 sell-off 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(56%) IWO(56%) SPY(55%) IVW(54%) QQQ(54%) |
Factors Impacting EW price | EW will decline at least -1.2% in a week (0% probabilities). UUP(-25%) VIXM(-23%) VXX(-13%) TBT(-10%) UNG(-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 | -1.2% (StdDev 2.4%) |
Hourly BBV | -0.3 () |
Intraday Trend | -2.7% |
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