| ERX latest price $14.0500 (-2.9%) ($13.9400 - $14.8800) on Fri. Jul. 17, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.68% (three month average) |
RSI | 52 |
Latest Price | $14.0500(-2.9%) |
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 -1.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock 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 -3.34% in a week (0% probabilities). VIXM(-29%) UUP(-18%) TLT(-16%) VXX(-11%) BNDX(-11%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.34% (StdDev 6.68%) |
Hourly BBV | -1.8 () |
Intraday Trend | -3.4% |
| |
|
|