| ERX latest price $311.9000 (12.56%) ($294.8000 - $313.7000) on Thu. May. 27, 2010. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.51% (three month average) |
RSI | 47 |
Latest Price | $311.9000(12.56%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2% a day on average for past five trading days. |
Weekly Trend | ERX declines -11.8% 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%) SPY(71%) IWM(70%) EEM(64%) |
Factors Impacting ERX price | ERX will decline at least -2.255% in a week (0% probabilities). TLT(-33%) SHY(-8%) TIP(-0%) IGOV(5%) LQD(6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.255% (StdDev 4.51%) |
Hourly BBV | 0 () |
Intraday Trend | 4.5% |
| |
|
|