| ERX latest price $200.4000 (0.4%) ($199.1000 - $209.2000) on Mon. Jul. 1, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.35% (three month average) |
RSI | 65 |
Latest Price | $200.4000(0.4%) |
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 5.8% 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(84%) IWD(74%) IWN(73%) |
Factors Impacting ERX price | ERX will decline at least -1.675% in a week (0% probabilities). VIXM(-51%) TLT(-23%) VXX(-22%) UUP(-7%) IGOV(-6%) |
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 | -1.675% (StdDev 3.35%) |
Hourly BBV | 0 () |
Intraday Trend | -3.7% |
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