| EW latest price $79.8600 (-0.83%) ($79.7700 - $80.8000) on Tue. Aug. 15, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.91% (three month average) |
RSI | 19 |
Latest Price | $79.8600(-0.83%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.3% a day on average for past five trading days. |
Weekly Trend | EW declines -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) IVW(96%) SMH(96%) SPY(94%) DIA(87%) QQQ(83%) |
Factors Impacting EW price | EW will decline at least -0.955% in a week (0% probabilities). VIXM(-69%) VXX(-65%) UUP(-28%) TBT(-12%) UNG(-11%) |
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 | -0.955% (StdDev 1.91%) |
Hourly BBV | 0.4 () |
Intraday Trend | -0.8% |
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