| ERX latest price $53.4700 (-6.08%) ($51.0040 - $56.0300) on Wed. Mar. 9, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.31% (three month average) |
RSI | 70 |
Latest Price | $53.4700(-6.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.1% a day on average for past five trading days. |
Weekly Trend | ERX advances 11.4% 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(70%) XOP(66%) IWD(57%) IFRA(55%) |
Factors Impacting ERX price | ERX will decline at least -1.655% in a week (0% probabilities). VIXM(-22%) UUP(-19%) SHY(-12%) 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 | -1.655% (StdDev 3.31%) |
Hourly BBV | -1.1 () |
Intraday Trend | 1.4% |
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