| ERX latest price $865.0000 (1.41%) ($840.9100 - $868.3000) on Fri. Jul. 22, 2011. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.97% (three month average) |
RSI | 65 |
Latest Price | $865.0000(1.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2% a day on average for past five trading days. |
Weekly Trend | ERX advances 3.7% 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(69%) SPY(69%) EEM(63%) |
Factors Impacting ERX price | ERX will decline at least -1.985% in a week (0% probabilities). TLT(-32%) SHY(-6%) TIP(1%) IGOV(2%) GLD(7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.985% (StdDev 3.97%) |
Hourly BBV | 0 () |
Intraday Trend | 0.9% |
| |
|
|