| ERX latest price $14.6100 (4.21%) ($14.1800 - $14.7900) on Wed. Jul. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.22% (three month average) |
RSI | 50 |
Latest Price | $14.6100(4.21%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.2% a day on average for past five trading days. |
Weekly Trend | ERX declines -4.1% 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(86%) XOP(81%) IWD(62%) IWN(62%) |
Factors Impacting ERX price | ERX will decline at least -3.61% in a week (0% probabilities). VIXM(-29%) UUP(-18%) TLT(-17%) VXX(-11%) 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 | -3.61% (StdDev 7.22%) |
Hourly BBV | 1.3 () |
Intraday Trend | -0.7% |
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