| ERX latest price $151.5000 (4.2%) ($145.3000 - $155.8900) on Tue. Oct. 22, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.28% (three month average) |
RSI | 65 |
Latest Price | $151.5000(4.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.8% a day on average for past five trading days. |
Weekly Trend | ERX advances 2.4% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Value stock 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%) IVE(72%) |
Factors Impacting ERX price | ERX will decline at least -2.14% in a week (0% probabilities). VIXM(-50%) VXX(-21%) 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 | -2.14% (StdDev 4.28%) |
Hourly BBV | 0 () |
Intraday Trend | 3.1% |
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