| EW latest price $85.4900 (3.72%) ($83.1400 - $85.7600) on Mon. Oct. 17, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.19% (three month average) |
RSI | 59 |
Latest Price | $85.4900(3.72%) |
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 -0.3% 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(41%) ONLN(41%) IWO(40%) QQQ(39%) SPY(39%) |
Factors Impacting EW price | EW will decline at least -1.095% in a week (0% probabilities). UUP(-15%) VXX(-12%) TBT(-8%) UNG(-4%) XLP(-2%) |
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 | -1.095% (StdDev 2.19%) |
Hourly BBV | 1.2 () |
Intraday Trend | 2% |
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