| ERX latest price $412.0000 (-3.72%) ($409.3000 - $432.0000) on Tue. Jan. 16, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.44% (three month average) |
RSI | 79 |
Latest Price | $412.0000(-3.72%) |
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 | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(92%) OIH(90%) XOP(86%) IWD(74%) IVE(73%) |
Factors Impacting ERX price | ERX will decline at least -1.22% in a week (0% probabilities). TLT(-23%) VIXM(-22%) UUP(-19%) IGOV(-5%) SHY(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.22% (StdDev 2.44%) |
Hourly BBV | 0 () |
Intraday Trend | -4.5% |
| |
|
|