| ERX latest price $15.4400 (-5.51%) ($15.4000 - $16.4700) on Tue. May. 19, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 15.48% (three month average) |
RSI | 46 |
Latest Price | $15.4400(-5.51%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.3% a day on average for past five trading days. |
Weekly Trend | ERX declines -1.7% 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(66%) IWN(66%) |
Factors Impacting ERX price | ERX will decline at least -7.74% 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 | -7.74% (StdDev 15.48%) |
Hourly BBV | 0.2 () |
Intraday Trend | -6.3% |
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