| ERX latest price $14.3300 (0.42%) ($13.6900 - $14.3700) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.16% (three month average) |
RSI | 58 |
Latest Price | $14.3300(0.42%) |
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 -1.5% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value 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 -3.08% in a week (0% probabilities). VIXM(-29%) UUP(-17%) TLT(-16%) 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 | -3.08% (StdDev 6.16%) |
Hourly BBV | -0.3 () |
Intraday Trend | 1.8% |
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