| EW latest price $76.3800 (-0.12%) ($75.8500 - $77.2000) on Fri. Sep. 1, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.77% (three month average) |
RSI | 28 |
Latest Price | $76.3800(-0.12%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.1% a day on average for past five trading days. |
Weekly Trend | EW declines -0.9% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IVE(86%) VFMO(85%) XBI(81%) IBUY(80%) IPO(79%) |
Factors Impacting EW price | EW will decline at least -0.885% in a week (0% probabilities). VIXM(-63%) VXX(-56%) UUP(-37%) TBT(-23%) UNG(-19%) |
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 | -0.885% (StdDev 1.77%) |
Hourly BBV | -1.1 () |
Intraday Trend | -1% |
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