| ERX latest price $16.6900 (3.47%) ($15.6300 - $16.8500) on Mon. Jun. 1, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 15.15% (three month average) |
RSI | 55 |
Latest Price | $16.6900(3.47%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1% a day on average for past five trading days. |
Weekly Trend | ERX advances 6.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(87%) XOP(83%) IWD(65%) IWN(65%) |
Factors Impacting ERX price | ERX will decline at least -7.575% in a week (0% probabilities). VIXM(-34%) 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 | -7.575% (StdDev 15.15%) |
Hourly BBV | 0.9 () |
Intraday Trend | 3.9% |
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