| ERX latest price $33.1500 (2.98%) ($32.6500 - $33.4900) on Mon. Oct. 25, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.5% (three month average) |
RSI | 75 |
Latest Price | $33.1500(2.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1% a day on average for past five trading days. |
Weekly Trend | ERX advances 4.7% 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(74%) XOP(69%) IWD(57%) IFRA(55%) |
Factors Impacting ERX price | ERX will decline at least -1.75% in a week (0% probabilities). VIXM(-24%) UUP(-18%) SHY(-11%) IGOV(-11%) BNDX(-8%) |
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 | -1.75% (StdDev 3.5%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.6% |
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