| EW latest price $79.0900 (-3.69%) ($78.6900 - $81.0700) on Mon. Feb. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.93% (three month average) |
RSI | 51 |
Latest Price | $79.0900(-3.69%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.8% a day on average for past five trading days. |
Weekly Trend | EW advances 1.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) VUG(53%) IWF(52%) QQQ(51%) IVW(50%) SPY(50%) |
Factors Impacting EW price | EW will decline at least -0.965% in a week (0% probabilities). VIXM(-30%) UUP(-28%) TBT(-21%) EDOC(-11%) VXX(-5%) |
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 | -0.965% (StdDev 1.93%) |
Hourly BBV | -1.5 () |
Intraday Trend | -2.1% |
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