| ERX latest price $817.7000 (-4.13%) ($804.5000 - $863.1000) on Thu. Feb. 24, 2011. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.77% (three month average) |
RSI | 62 |
Latest Price | $817.7000(-4.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.5% a day on average for past five trading days. |
Weekly Trend | ERX advances 5.4% 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(70%) SPY(69%) EEM(63%) |
Factors Impacting ERX price | ERX will decline at least -1.385% in a week (0% probabilities). TLT(-32%) SHY(-7%) TIP(0%) IGOV(3%) LQD(7%) |
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 | -1.385% (StdDev 2.77%) |
Hourly BBV | 0 () |
Intraday Trend | -5.3% |
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