| ERX latest price $40.7200 (7.72%) ($36.1200 - $41.0100) on Tue. Jan. 25, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.45% (three month average) |
RSI | 77 |
Latest Price | $40.7200(7.72%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.3% a day on average for past five trading days. |
Weekly Trend | ERX advances 5% a week on average for past two weeks. |
Market Behavior | Broad based 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(71%) XOP(66%) IWD(55%) IFRA(54%) |
Factors Impacting ERX price | ERX will decline at least -1.725% in a week (0% probabilities). VIXM(-21%) UUP(-19%) SHY(-10%) BNDX(-7%) VXX(-5%) |
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 | -1.725% (StdDev 3.45%) |
Hourly BBV | 1.9 () |
Intraday Trend | 8.5% |
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