| ERX latest price $827.8000 (-2.43%) ($826.9000 - $854.9000) on Fri. Feb. 21, 2014. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.48% (three month average) |
RSI | 64 |
Latest Price | $827.8000(-2.43%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1% a day on average for past five trading days. |
Weekly Trend | ERX advances 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) XLE(93%) OIH(89%) XOP(87%) IWM(65%) XLF(65%) |
Factors Impacting ERX price | ERX will decline at least -1.24% in a week (0% probabilities). TLT(-25%) UUP(-13%) SHY(-5%) IGOV(-5%) BNDX(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.24% (StdDev 2.48%) |
Hourly BBV | 0 () |
Intraday Trend | -3% |
| |
|
|