| ERX latest price $12.9500 (-2.12%) ($11.9400 - $14.9300) on Thu. Apr. 9, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 14.67% (three month average) |
RSI | 70 |
Latest Price | $12.9500(-2.12%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 4.7% a day on average for past five trading days. |
Weekly Trend | ERX advances 18.1% a week on average for past two weeks. |
Market Behavior | Value stock 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(92%) XLE(89%) XOP(84%) IWD(68%) IWN(67%) |
Factors Impacting ERX price | ERX will decline at least -7.335% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -7.335% (StdDev 14.67%) |
Hourly BBV | 0 () |
Intraday Trend | -9.4% |
| |
|
|