| ERX latest price $173.8000 (0.23%) ($171.9000 - $176.3000) on Fri. Sep. 20, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.01% (three month average) |
RSI | 77 |
Latest Price | $173.8000(0.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.5% a day on average for past five trading days. |
Weekly Trend | ERX advances 9.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal 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%) IVE(72%) |
Factors Impacting ERX price | ERX will decline at least -2.005% in a week (0% probabilities). VIXM(-50%) VXX(-22%) TLT(-21%) UUP(-8%) IGOV(-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 | -2.005% (StdDev 4.01%) |
Hourly BBV | 0 () |
Intraday Trend | -0.1% |
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