| ERX latest price $915.4000 (0.94%) ($900.0000 - $928.0000) on Tue. Apr. 5, 2011. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.5% (three month average) |
RSI | 93 |
Latest Price | $915.4000(0.94%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.8% a day on average for past five trading days. |
Weekly Trend | ERX advances 7.7% 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 -1.75% in a week (0% probabilities). TLT(-32%) SHY(-6%) TIP(1%) 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 | -1.75% (StdDev 3.5%) |
Hourly BBV | 0 () |
Intraday Trend | 1.7% |
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