EW technical analysis
EW Technical Analysis
Analysis date
August 6, 2026
Market
NYSE (USD)
Daily cutoff
August 5, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
EW Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- EW
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 5, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 88.97 | August 5, 2026 | - | Verified |
| Verification series | 88.97 | August 5, 2026 | 0.00% | Verified |
Bottom line
EW Technical Analysis Summary
EW technical analysis shows a constructive picture after a sharp pullback. Price at 88.97 has reclaimed all three daily moving averages (SMA20 at 86.97, SMA50 at 87.90, SMA200 at 83.92), and the daily MACD has crossed back above its signal line with a positive histogram. Daily RSI at 55.62 and weekly RSI at 51.84 are neutral-bullish after the correction, with neither timeframe overbought. The weekly chart stays above all weekly moving averages in a bullish alignment after a +4.16% rebound in the week of July 27. Key support sits at 86.97 (SMA20) and 81.16 (20-day low), with the 60-day low at 76.49 as a deeper level. Resistance is at 93.22 (20-day high) and the 52-week high of 96.29. A sustained close above 93.22 would signal a resumption of the uptrend; a break below 81.16 would suggest the correction is extending.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 5, 2026)
- Trend
- Mixed with a bullish lean. Price at 88.97 trades above SMA20 (86.97), SMA50 (87.90), and SMA200 (83.92), but the SMA20 still sits slightly below the SMA50 after the pullback from the 96.29 high. The SMA200 keeps sloping upward, so the broader uptrend is intact while the short-term average alignment is still repairing.
- Momentum
- Improving. RSI14 at 55.62 is in neutral-bullish territory after recovering from the correction. MACD at -0.18 is above the signal line at -0.61 with a positive histogram of +0.43, confirming that downward momentum has stalled and a fresh bullish crossover has formed below the zero line.
- Volatility
- Moderate. ATR14 at 2.49 (2.80% of price) suggests average daily movement of about 2.8%. Bollinger Bands (81.14 to 92.80) are moderately wide, with price sitting in the upper half near the middle band after rebounding from the lower band.
- Volume
- Below average. Latest volume of 3,665,500 is 69.3% of the 20-period average (5,290,220), indicating reduced participation on the rebound.
Assessment
The daily chart shows a recovery after the pullback. Price bounced from the 20-day low of 81.16 and reclaimed all key moving averages, with a positive MACD histogram and RSI back above 55 confirming improved near-term momentum. The 5-day return of +3.74% captures the bounce, while the 20-day return of -4.99% still reflects the correction from the 96.29 high. Below-average volume on the rebound leaves some caution, so a sustained close above the 20-day high at 93.22 with stronger volume would confirm the recovery.
Weekly (July 27, 2026 week)
- Trend
- Bullish. Price at 86.07 is above SMA20 (84.68), SMA50 (82.75), and SMA200 (78.90), with the shorter averages above the longer ones in a bullish alignment. The SMA200 is sloping upward, confirming a longer-term uptrend on the weekly scale.
- Momentum
- Neutral. RSI14 at 51.84 is near the 50 midline after the recent pullback. MACD at 1.56 sits just below the signal line at 1.64 with a small negative histogram of -0.08, indicating that weekly momentum flattened during the correction but remains far from a breakdown.
- Volatility
- Elevated. ATR14 at 5.33 (6.19% of price) reflects wide weekly ranges, consistent with the sharp move lower earlier in the year and the ongoing volatility in this name.
- Volume
- Slightly above average. Weekly volume of 25,797,800 is 105.7% of the 20-week average (24,416,770), showing normal to slightly elevated participation.
Assessment
The weekly chart keeps the longer-term structure constructive with price above all weekly moving averages in bullish alignment. The latest completed week (the week of July 27) gained 4.16%, a solid rebound after the multi-week decline that took the 5-week return to -5.19%. Weekly RSI near 52 and a flat MACD histogram show momentum is stabilizing rather than reversing. The 252-week return of -23.34% reflects the deep drawdown from the earlier highs, so the weekly trend is a recovery within a larger corrective pattern.
Key indicators
EW Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 55.62 | 51.84 |
| MACD (12, 26, 9) | -0.18 / -0.61 / +0.43 | 1.56 / 1.64 / -0.08 |
| ATR (14) | 2.49 (2.80%) | 5.33 (6.19%) |
| Bollinger Bands (20, 2) | 81.14 - 92.80 | 76.33 - 93.04 |
| SMA (20) | 86.97 | 84.68 |
| SMA (50) | 87.90 | 82.75 |
| SMA (200) | 83.92 | 78.90 |
Price structure
EW Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 88.97 | 86.07 |
| 1-Period Return | -0.70% | +4.16% |
| 5-Period Return | +3.74% | -5.19% |
| 20-Period Return | -4.99% | +5.21% |
| 60-Period Return | +11.27% | +11.03% |
| 252-Period Return | +11.09% | -23.34% |
| 52-Week Low | 72.30 | 72.30 |
| 52-Week High | 96.29 | 96.29 |
| 52-Week Position | 69.49% | 57.40% |
Key levels
EW Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 93.22 | 96.29 |
| 20-Period Low | 81.16 | 76.49 |
| 60-Period High | 96.29 | 96.29 |
| 60-Period Low | 76.49 | 72.30 |
Scenarios
EW Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price breaks back above the 20-day high at 93.22 on above-average volume, targeting the 52-week high at 96.29.
Invalidation
Price falls back below the 20-day low at 81.16.
What to watch
Sustained closes above SMA20 (86.97); daily RSI holding above 55; MACD histogram continuing to expand; volume confirming the advance.
Range-Bound
Trigger
Price oscillates between 81.16 support (20-day low) and 93.22 resistance (20-day high).
Invalidation
A decisive break of either boundary with expanding volume.
What to watch
RSI staying between 45 and 60; volume remaining near or below average; price holding above SMA50 (87.90).
Bearish
Trigger
Price breaks below the 20-day low at 81.16 and then the 60-day low at 76.49 with increasing volume.
Invalidation
Price reclaims the SMA50 (87.90) and holds above it.
What to watch
Sustained closes below SMA20 (86.97); RSI falling below 45; MACD histogram turning negative again on the daily chart.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 5, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 5, 2026, weekly July 27, 2026 week. Generated August 6, 2026.
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