| ERX latest price $13.2300 (14.15%) ($11.9200 - $13.2700) on Wed. Apr. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 14.68% (three month average) |
RSI | 72 |
Latest Price | $13.2300(14.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 8.7% a day on average for past five trading days. |
Weekly Trend | ERX advances 20.5% 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) OIH(91%) XLE(89%) XOP(84%) IWD(68%) IWN(67%) |
Factors Impacting ERX price | ERX will decline at least -7.34% in a week (0% probabilities). VIXM(-37%) TLT(-20%) UUP(-18%) VXX(-14%) BNDX(-10%) |
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 | -7.34% (StdDev 14.68%) |
Hourly BBV | 1.3 () |
Intraday Trend | 8.3% |
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