| ERX latest price $599.9000 (-0.94%) ($587.0000 - $608.7000) on Mon. Feb. 27, 2012. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.16% (three month average) |
RSI | 72 |
Latest Price | $599.9000(-0.94%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.9% a day on average for past five trading days. |
Weekly Trend | ERX advances 4.8% 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(89%) XOP(88%) IWM(67%) SPY(66%) USO(62%) |
Factors Impacting ERX price | ERX will decline at least -2.08% in a week (0% probabilities). TLT(-27%) SHY(-5%) IGOV(-2%) TIP(5%) GLD(7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.08% (StdDev 4.16%) |
Hourly BBV | 0 () |
Intraday Trend | 0.7% |
| |
|
|