| ERX latest price $13.6000 (-3.2%) ($13.5800 - $14.2800) on Mon. Jul. 20, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.64% (three month average) |
RSI | 46 |
Latest Price | $13.6000(-3.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.7% 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 | Rotation from value to growth for large cap. Value stock sell-off 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 -3.32% in a week (0% probabilities). VIXM(-29%) UUP(-17%) TLT(-16%) VXX(-11%) BNDX(-10%) |
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 | -3.32% (StdDev 6.64%) |
Hourly BBV | -1.6 () |
Intraday Trend | -2.7% |
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