| EW latest price $87.1800 (2.01%) ($86.5700 - $88.4000) on Tue. Oct. 4, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.1% (three month average) |
RSI | 33 |
Latest Price | $87.1800(2.01%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 1.2% a day on average for past five trading days. |
Weekly Trend | EW declines -3.7% 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(44%) IWO(43%) ONLN(43%) SPY(42%) IVE(41%) |
Factors Impacting EW price | EW will decline at least -1.05% in a week (0% probabilities). UUP(-18%) VXX(-12%) TBT(-11%) UNG(-3%) VIXM(-0%) |
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 | -1.05% (StdDev 2.1%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0.3% |
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