| EW latest price $102.0900 (-0.48%) ($101.0800 - $102.8600) on Mon. Jul. 25, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.42% (three month average) |
RSI | 62 |
Latest Price | $102.0900(-0.48%) |
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 | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(46%) IWO(46%) ONLN(45%) SPY(45%) HYG(44%) |
Factors Impacting EW price | EW will decline at least -1.21% in a week (0% probabilities). UUP(-19%) VXX(-11%) TBT(-8%) VIXM(-7%) 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 | -1.21% (StdDev 2.42%) |
Hourly BBV | -1.2 () |
Intraday Trend | -0.4% |
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