| ERX latest price $16.3400 (16.13%) ($15.5600 - $16.5300) on Mon. May. 18, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 15.49% (three month average) |
RSI | 59 |
Latest Price | $16.3400(16.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.8% a day on average for past five trading days. |
Weekly Trend | ERX declines -1.6% 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(66%) IWN(66%) |
Factors Impacting ERX price | ERX will decline at least -7.745% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -7.745% (StdDev 15.49%) |
Hourly BBV | 1.5 () |
Intraday Trend | 4.1% |
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