| ERX latest price $16.6300 (15.17%) ($15.3700 - $16.6900) on Wed. Apr. 29, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 15.27% (three month average) |
RSI | 63 |
Latest Price | $16.6300(15.17%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 6.4% a day on average for past five trading days. |
Weekly Trend | ERX advances 7.5% 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(88%) XOP(83%) IWD(67%) IWN(67%) |
Factors Impacting ERX price | ERX will decline at least -7.635% in a week (0% probabilities). VIXM(-36%) TLT(-19%) 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 | -7.635% (StdDev 15.27%) |
Hourly BBV | 1.6 () |
Intraday Trend | 7.7% |
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