| EW latest price $75.9100 (2.15%) ($74.5500 - $76.1950) on Wed. Nov. 23, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.98% (three month average) |
RSI | 74 |
Latest Price | $75.9100(2.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.2% a day on average for past five trading days. |
Weekly Trend | EW advances 3.6% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(56%) QQQ(55%) SPY(55%) IVW(54%) IVE(53%) |
Factors Impacting EW price | EW will decline at least -1.49% in a week (0% probabilities). VXX(-15%) UUP(-7%) UNG(-6%) TBT(-2%) XLP(-0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.49% (StdDev 2.98%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1.7% |
| |
|
|