| EW latest price $92.0200 (1.75%) ($90.2600 - $92.0600) on Thu. Jun. 29, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.4% (three month average) |
RSI | 83 |
Latest Price | $92.0200(1.75%) |
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 2.9% 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) SPY(54%) DIA(53%) GLD(52%) VFMO(52%) IVE(51%) |
Factors Impacting EW price | EW will decline at least -0.7% in a week (0% probabilities). VXX(-45%) VIXM(-45%) UUP(-35%) TBT(-22%) USO(-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 | -0.7% (StdDev 1.4%) |
Hourly BBV | 1.9 () |
Intraday Trend | 1.8% |
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