| ERX latest price $125.4000 (-2.18%) ($121.7000 - $126.2000) on Tue. Feb. 18, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.38% (three month average) |
RSI | 43 |
Latest Price | $125.4000(-2.18%) |
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 0.6% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Value stock 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 -1.69% in a week (0% probabilities). VIXM(-50%) VXX(-21%) TLT(-20%) SHY(-13%) UUP(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.69% (StdDev 3.38%) |
Hourly BBV | -0.8 () |
Intraday Trend | 0.2% |
| |
|
|