| ERX latest price $55.4800 (8.08%) ($53.3500 - $55.8200) on Mon. Mar. 21, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.64% (three month average) |
RSI | 64 |
Latest Price | $55.4800(8.08%) |
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% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(69%) XOP(65%) IWD(59%) IFRA(56%) |
Factors Impacting ERX price | ERX will decline at least -1.82% in a week (0% probabilities). VIXM(-25%) UUP(-21%) SHY(-12%) BNDX(-8%) 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 | -1.82% (StdDev 3.64%) |
Hourly BBV | 1.6 () |
Intraday Trend | 4% |
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