| EW latest price $96.8500 (2.44%) ($93.6000 - $97.2000) on Wed. May. 25, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.64% (three month average) |
RSI | 37 |
Latest Price | $96.8500(2.44%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.7% a day on average for past five trading days. |
Weekly Trend | EW declines -1% 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(52%) IWO(52%) SPY(51%) IVW(50%) ONLN(50%) |
Factors Impacting EW price | EW will decline at least -1.32% in a week (0% probabilities). UUP(-23%) VIXM(-15%) VXX(-12%) TBT(-8%) UNG(-3%) |
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 | -1.32% (StdDev 2.64%) |
Hourly BBV | 2.2 () |
Intraday Trend | 2.8% |
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