| EW latest price $100.8500 (-0.27%) ($98.7000 - $101.6900) on Tue. May. 31, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.69% (three month average) |
RSI | 62 |
Latest Price | $100.8500(-0.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1% a day on average for past five trading days. |
Weekly Trend | EW advances 1.9% a week on average for past two weeks. |
Market Behavior | Value stocks 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(52%) IWO(51%) SPY(50%) IVW(49%) ONLN(49%) |
Factors Impacting EW price | EW will decline at least -1.345% in a week (0% probabilities). UUP(-22%) VIXM(-13%) VXX(-12%) TBT(-10%) 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 | -1.345% (StdDev 2.69%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0.8% |
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