| ERX latest price $15.8300 (-4.81%) ($15.3700 - $16.8600) on Thu. Apr. 30, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 15.26% (three month average) |
RSI | 62 |
Latest Price | $15.8300(-4.81%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 3.7% a day on average for past five trading days. |
Weekly Trend | ERX advances 11.6% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Broad based sell-off 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 -7.63% 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 | -7.63% (StdDev 15.26%) |
Hourly BBV | 0.4 () |
Intraday Trend | -5.4% |
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