| ERX latest price $15.7900 (-3.37%) ($15.6100 - $16.2200) on Mon. May. 11, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 15.43% (three month average) |
RSI | 72 |
Latest Price | $15.7900(-3.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1% a day on average for past five trading days. |
Weekly Trend | ERX advances 8.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock 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 -7.715% in a week (0% probabilities). VIXM(-35%) TLT(-19%) UUP(-18%) VXX(-13%) BNDX(-11%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -7.715% (StdDev 15.43%) |
Hourly BBV | 0.5 () |
Intraday Trend | -1.6% |
| |
|
|