| ERX latest price $194.8000 (6.8%) ($191.1400 - $195.9000) on Thu. Jun. 20, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.44% (three month average) |
RSI | 76 |
Latest Price | $194.8000(6.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.1% a day on average for past five trading days. |
Weekly Trend | ERX advances 5% 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 -1.72% in a week (0% probabilities). TLT(-23%) VXX(-22%) UUP(-7%) IGOV(-5%) IFRA(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.72% (StdDev 3.44%) |
Hourly BBV | 0 () |
Intraday Trend | 1.8% |
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