| ERX latest price $422.2000 (4.4%) ($412.1000 - $425.3900) on Tue. Sep. 22, 2009. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.36% (three month average) |
RSI | 86 |
Latest Price | $422.2000(4.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.3% a day on average for past five trading days. |
Weekly Trend | ERX advances 12.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(90%) XOP(88%) IWM(71%) SPY(71%) EEM(65%) |
Factors Impacting ERX price | ERX will decline at least -2.18% in a week (0% probabilities). TLT(-33%) SHY(-9%) TIP(-1%) LQD(6%) IGOV(6%) |
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 | -2.18% (StdDev 4.36%) |
Hourly BBV | 0 () |
Intraday Trend | 0.1% |
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