| ERX latest price $190.5000 (0.9%) ($187.8000 - $195.8000) on Tue. Jan. 15, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.51% (three month average) |
RSI | 86 |
Latest Price | $190.5000(0.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.7% a day on average for past five trading days. |
Weekly Trend | ERX advances 13.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(91%) OIH(90%) XOP(85%) IWD(74%) IVE(72%) |
Factors Impacting ERX price | ERX will decline at least -2.755% in a week (0% probabilities). TLT(-23%) UUP(-20%) VXX(-19%) VIXM(-15%) DIA(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.755% (StdDev 5.51%) |
Hourly BBV | 0 () |
Intraday Trend | -0.5% |
| |
|
|