| EW latest price $92.4400 (0.87%) ($91.6100 - $92.6100) on Tue. Jul. 11, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.48% (three month average) |
RSI | 51 |
Latest Price | $92.4400(0.87%) |
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 0.2% 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) GLD(68%) DIA(57%) SPY(57%) IVW(54%) IVE(52%) |
Factors Impacting EW price | EW will decline at least -0.74% in a week (0% probabilities). VXX(-50%) VIXM(-50%) UUP(-39%) TBT(-26%) 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 | -0.74% (StdDev 1.48%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.8% |
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