| W latest price $309.6800 (-0.97%) ($300.7700 - $323.1500) on Fri. Aug. 7, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.18% (three month average) |
RSI | 81 |
Latest Price | $309.6800(-0.97%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | W advances 3% a day on average for past five trading days. |
Weekly Trend | W advances 16.6% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support W advance at 0% a week (0% probability) XRT(57%) ONLN(72%) PAVE(64%) IPO(53%) ARKG(49%) |
Factors Impacting W price | W will decline at least -2.09% in a week (0% probabilities). XLE(-31%) OIH(-25%) IYT(-22%) JETS(-14%) XOP(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.09% (StdDev 4.18%) |
Hourly BBV | 0 () |
Intraday Trend | 0.2% |
| |
|
|