| EW latest price $101.2100 (3.98%) ($96.2850 - $101.3400) on Thu. Jun. 2, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.71% (three month average) |
RSI | 63 |
Latest Price | $101.2100(3.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.9% a day on average for past five trading days. |
Weekly Trend | EW advances 2.4% 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(51%) IWO(51%) SPY(50%) IVW(49%) ONLN(49%) |
Factors Impacting EW price | EW will decline at least -1.355% in a week (0% probabilities). UUP(-22%) VIXM(-13%) VXX(-12%) TBT(-10%) UNG(-4%) |
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 | -1.355% (StdDev 2.71%) |
Hourly BBV | 1 () |
Intraday Trend | 1.1% |
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