| ERX latest price $33.3400 (1%) ($32.2000 - $33.3400) on Tue. Nov. 9, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.4% (three month average) |
RSI | 52 |
Latest Price | $33.3400(1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.8% a day on average for past five trading days. |
Weekly Trend | ERX declines -0.3% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(73%) XOP(69%) IWD(57%) IFRA(55%) |
Factors Impacting ERX price | ERX will decline at least -1.7% 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 | -1.7% (StdDev 3.4%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0.8% |
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