| ERX latest price $376.3000 (0.08%) ($373.4000 - $382.1000) on Thu. Sep. 27, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.65% (three month average) |
RSI | 86 |
Latest Price | $376.3000(0.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1% a day on average for past five trading days. |
Weekly Trend | ERX advances 6.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(92%) OIH(90%) XOP(85%) IWD(74%) IVE(73%) |
Factors Impacting ERX price | ERX will decline at least -1.325% in a week (0% probabilities). TLT(-24%) VXX(-20%) VIXM(-18%) UUP(-18%) IPO(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.325% (StdDev 2.65%) |
Hourly BBV | 0 () |
Intraday Trend | -1.5% |
| |
|
|