| ERX latest price $173.5000 (-1.48%) ($173.3800 - $178.3000) on Fri. Dec. 27, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.54% (three month average) |
RSI | 77 |
Latest Price | $173.5000(-1.48%) |
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 | Normal for large cap. Broad based sell-off 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 -1.77% in a week (0% probabilities). VIXM(-50%) VXX(-21%) TLT(-21%) UUP(-8%) IGOV(-4%) |
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 | -1.77% (StdDev 3.54%) |
Hourly BBV | 0.4 () |
Intraday Trend | -2.7% |
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